comscore Anheuser-Busch to acquire all of Kona Brewing Co. | Honolulu Star-Advertiser
Crave | Top News

Anheuser-Busch to acquire all of Kona Brewing Co.

  • BRUCE ASATO / 2014
                                This photo shows different varieties of Kona Brewing Co. beer. Kona Brewing is slated to become wholly owned by beer company behemoth Anheuser-Busch under a deal announced today.

    BRUCE ASATO / 2014

    This photo shows different varieties of Kona Brewing Co. beer. Kona Brewing is slated to become wholly owned by beer company behemoth Anheuser-Busch under a deal announced today.

Kona Brewing Co. is slated to become wholly owned by beer company behemoth Anheuser-Busch under a deal announced today.

A-B, which owns 31.2% of Kona Brewing’s Portland, Ore.-based parent Craft Brew Alliance, has agreed to buy the remaining 68.8% of stock for $16.50 per share in cash.

The deal is touted by both companies as something that will allow continued investment and growth of Craft Brew Alliance brands that include Kona Brewing and seven other beer and cider makers.

Kona Brewing, founded in 1994 on Hawaii island, was sold to Craft Brew in 2010 for $14 million.

The new transaction is subject to approval by a majority of Craft Brew shareholders and is expected to be completed next year.

Comments (26)

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines.

Having trouble with comments? Learn more here.

Scroll Up