03 November 2016
Leading Texas Craft Brewery adds unique brewing styles and award-winning beers to The High End's Craft Portfolio
New York, NY and Houston, TX. [Nov. 03, 2016] – Today, Anheuser-Busch announced an agreement to acquire Karbach Brewing Co., a leading Texas craft brewer and one of the country’s fastest -growing craft brands. Karbach joins a diverse portfolio of craft breweries within The High End, the business unit within Anheuser-Busch that focuses on its craft and import brands.
“Chuck & I started the brewery five years ago on Karbach Street in Houston, where the warehouse was located for the beer distribution company we started decades before. After watching so much great beer move through our warehouse over the years we decided it was time to add our own to that list,” said co-founder Ken Goodman. “Karbach is the heart and soul of our beer industry careers, & we are thrilled about this new partnership with The High End and what it will mean for our dream to give more Texans the most unique, unexpected, and exciting beers they’ll have fun drinking.”
“We are so grateful for the growth we’ve experienced in this first phase of Karbach, but we have maxed out our growth potential on our own, & a partnership with The High End will open doors to keep innovating and experimenting with our unique styles and continue to expand,” said co-founder Chuck Robertson. “While we are joining a talented and innovative group of craft breweries in The High End, Karbach will retain a high level of independence, and the existing management and brewing teams will continue to drive culture and strategy, all while having fun building our brands.”
In 2013, just two years after Karbach launched, the brewery produced 17,000 barrels of beer, reaching 40,000 barrels just over a year later. The brewery then expanded capacity by building a new brewhouse at the end of 2014, equipped with the latest state-of-the-art technology and innovative equipment. Karbach opened an on-site restaurant, tap room, and biergarten last May. The company expanded from Houston to the Dallas / Ft. Worth metroplex region in June of 2015. Anheuser-Busch plans to invest in Karbach to realize a brewing capacity of 150,000 barrels per year by 2019.
In a state with nearly 200 craft brewers, Karbach has distinguished itself with its “MainStay” brews including its flagship brand Hopadillo IPA, as well as a kolsch Love Street, a pale ale Weekend Warrior and Weisse Versa Wheat. It also has a Seasonal Lineup including award-winning Karbachtoberfest, that has captured the fun, outdoor loving spirit of Texas beer aficionados.
“Karbach has built a unique, thriving brand rooted in the Texas spirit,” said Felipe Szpigel, president, The High End. “From the beginning, they have shown creativity and passion with the super beers they brew, and they’ve been able to use their unique offerings to appeal to the laid back lifestyle that resonates with Texans. Pair these qualities with dynamic leadership, an amazing brewing team, and a dream to do more, and you have a recipe for a promising future together.”
Duff and Phelps acted as financial advisor to Karbach Brewing Co. Terms of the agreement were not disclosed.