Shares of Craft Brew Alliance (BREW) skyrocketed Wednesday after announcing enhanced commercial agreements with Anheuser-Busch InBev (BUD) . 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.
Scroll to Continue