Craft Brew Alliance Inks Enhanced Agreement with Anheuser-Busch

Shares of Craft Brew Alliance skyrocketed Wednesday after announcing enhanced commercial agreements with Anheuser-Busch InBev.
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Shares of Craft Brew Alliance (BREW) - Get Report skyrocketed Wednesday after announcing enhanced commercial agreements with Anheuser-Busch InBev (BUD) - Get Report . The agreements include an amended and extended master distribution agreement, a new contract brewing arrangement and a new international distribution agreement. Through the agreements, Anheuser Busch will provide additional support and resources to accelerate Craft Brew Alliance's growth strategy, which includes: strengthening its portfolio of craft brands and optimizing its brewing footprint to drive gross margin expansion. About 300,000 barrels of Craft Brew's beer will be brewed at AB InBev breweries.