Australia: AB InBev acquiring New South Wales-based craft brewer 4 Pines

The world’s biggest brewer AB InBev is acquiring Manly, New South Wales-based craft brewer 4 Pines for an undisclosed amount, The Australian reported on September 22.

Belgium-headquartered AB InBev already owns the Melbourne-based Carlton & United Breweries.

4 Pines said the deal would enable its operations to expand while retaining its people, culture and identity. 4 Pines will continue to operate its Brookvale and Manly breweries.

“Will keep doing what we’ve always done, except now we are able to realise our long-term goals even sooner and immediately roll out some plans that are seriously epic,” said 4-Pines co-founder Jaron Mitchell.

Originally from Western Australia, Mr Mitchell moved to Manly on Sydney’s northern beaches, chasing a career in the accounting and finance sector

AB InBev’s Asia-Pacific south zone president Jan Craps said he was excited to be partnering with 4 Pines. “We will support their ambitious plans for the future, using our expertise and capability to help them get their exceptional beer to more people in Australia and globally,” he said.

The 4 Pines team would be unchanged and management would remain in place to help grow the business, AB InBev said.

AB InBev took charge of CUB last year.

21 September, 2017