Anheuser-Busch Sets Sights on Tampa Craft Brewery
Anheuser-Busch’s established brands, such as Budweiser and Busch, have been fighting for market share in Florida and other places, so acquiring Cigar City would be a huge success for the company.
Which craft beer is on the rise, domestic products are still dominating craft beer around the country. In 2013, craft beer which had 8% of the market share while domestic beer, such as Anheuser-Busch and MillerCoors, had control of 78% of the market share, according to the Boulder, Colorado-based Brewers Association. However, in the same year, craft beer sales increased 17%.
Florida seems like the ideal place for Anheuser-Busch to head next, specifically in the Tampa Bay area. The company previously operated a brewery there, shutdown in 1995, and the Busch Gardens theme park, which it sold in 2009. Craft beer also has a huge impact on Florida’s economy. Last year, craft brewers in Florida produced around 130,000 barrels of beer, which contributed $875 million to Florida’s economy.
For anyone that has been to Tampa and the surrounding towns, almost every bar has Cigar City’s award-winning “Jai Alai” on tap. The brew is not just popular in the Tampa Bay area either, having gained a national following recently.
Intuition’s owner and founder, Ben Davis, feels very strongly about protecting his brand. “I’d be very flattered, but I have no interest in selling,” he said.
Who could be next?
Tags: Beer