AB InBev buys Aussie craft brewery Pirate Life

AB InBev said it was done buying out craft breweries in September. Today news broke that the large beer conglomerate has acquired Australian craft brewery Pirate Life for $7.6 million. This is AB InBev’s second acquisition of an Australian craft brewery since September, when it purchased Sydney’s 4 Pines. (Since it’s not an American craft brewery, it looks like AB InBev has kept its promise, kind of.)

AB InBev has also invested AU$10 million in a new brewery that will increase its brewing capacity.

Carlton & United Breweries, a subsidiary of AB InBev, stated that Pirate Life was “set to continue its unprecedented growth path after being acquired by AB InBev”.

The creation of the new brewery will mean Pirate Life’s current site in Hindmarsh will be dedicated to creating “new beers including sours, seasonal barrel-aged products”.

In September, AB InBev laid off 400 employees from its High End division – the section responsible for its craft beer acquisitions and ‘super-premium’ imports – in a bid to concentrate on its existing portfolio of 10 US craft breweries, however this move has not appeared to affect its acquisitions outside of America.