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Goose Island Brewery Sold

Goose Island Brewery, sold to Anheuser-Busch.

Chicago’s Goose Island Co. has been sold to Anheuser-Busch, according to this Tribune article. Also known under their legal name, Fulton Street Brewery LLC, Goose Island was bought out at $22.5 million. Superpower Anheuser-Busch owns 58% of the company’s stock from the purchase. Goose Island’s Founder and President John Hall was quoted,

“Demand for our beers has grown beyond our capacity to serve our wholesale partners, retailers and beer lovers,” and he claimed that the deal allowed them to, “strictly maintain our recipes and brewing processes.”

Apparently, and this I did not know, the other major shareholder of Goose Island was the Portland-based Craft Brewers Alliance Inc. They sold their 42% stake for $16.3 million. Seems like everyone was eager to give it up.

It’s cool that we had a local craft brewery, even if the majority of the beers aren’t the best you’ve ever had. I personally like Matilda and their other Belgian-style ales. Their restaurant was pretty good the last time I was there. After an acquisition like this, you usually think, “Oh no, there goes Goose Island;” that’s literally what I heard from the people I spoke to about it.

I’d like to think otherwise but I must admit reading the concern over “wholesale partners” from the President, I wasn’t very optimistic. Nonetheless, I will say I recently had some of their Green Line and it was actually pretty good. It’d be a shame if they let corporate take over, I hope the statement and promise made by President John Hall is made to be true.

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