Widmer Parent Craft Brew Alliance Could Be ‘Blown Up and Rebuilt,’ CEO Says
The Craft Brew Alliance, the Portland-based parent of Widmer Brothers Brewing, said Thursday during an investors conference call that it continues to look at numerous options after minority owner Anheuser Busch InBev late last month declined its option to buy all of the brewing consortium. Andy Thomas, the CBA’s chief executive officer, reiterated his disappointment that…
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The Craft Brew Alliance, the Portland-based parent of Widmer Brothers Brewing, said Thursday during an investors conference call that it continues to look at numerous options after minority owner Anheuser Busch InBev late last month declined its option to buy all of the brewing consortium.
Andy Thomas, the CBA’s chief executive officer, reiterated his disappointment that AB InBev, which owns slightly more than 31% of CBA, declined on Aug. 23 to extend its option. Under a 2016 agreement, it had an Aug. 24 deadline to buy the rest of CBA for a predetermined price of $24.50 per share – about $475 million altogether.
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