AB InBev subsidiary Carlton & United Breweries has announced the acquisition of Balter Brewing, a craft brewer based in Gold Coast, Australia, for an undisclosed sum.
Balter Brewing, which brews a range of pale ales and lagers, is said to have witnessed strong growth since launching in 2016. The company said the the deal would help it achieve its sustainability goals, as well as allowing it to upgrade capacity and hospitality at its Gold Coast brewery.
Commenting on the acquisition, Carlton & United Breweries CEO Peter Filipovic said: “In a few short years Balter has become a craft leader through its commitment to quality and by building a brand that appeals to all beer lovers. We will help manage Balter’s strong growth through our willingness to invest, our world-class beer expertise and our customer relationships”.
“The deal also means we’re expanding our presence in Queensland, where we already have a significant economic footprint with our Yatala brewery employing more than 250 people”, he added.
Source: Carlton & United Breweries