Fresh off partnering with a cannabis company and buying up the part of Ratebeer.com that it didn’t already own, Anheuser-Busch InBev (AB InBev) has purchased its first spirits company. His former boss at Ballast Point, Jack White, sold the brewery for a whopping reported $1 billion. In 2007, the team extended into spirits under the name Ballast Point Spirits, though that line did not form part of the brewery sale. “We are first and foremost a beer company,” he said. “We’re thrilled to have found a partner that understands our vision for Cutwater Spirits and will give us the tools and resources to grow and thrive.

Source: Forbes February 20, 2019 20:27 UTC