Bosteels, a 225-year-old family-run brewery, is the latest brewery to be acquired by the Belgian-based AB InBev, which has made waves in the craft beer industry through its purchase of majority stakes in eight U.S. craft breweries since 2011.
The brewery is known in Europe and the U.S. for its three brands: Tripel Karmeliet, Kwak, and DeuS. With the help of financial partner Waterland, Bosteels made significant investments in its Buggenhout brewery over the past three years to increase production to 150,000 barrels. Tripel Karmeliet and Kwak, the brewery’s most popular brands, have seen 20–30% growth in that same period.
“After seven generations, I’m very happy for this opportunity to hand over the Bosteels brand to a Belgian brewery that is capable of assuring future success and growth in our country and abroad. This fully corresponds with the values of our company, that is to say our fantastic beer brewed with respect for traditional recipes and prepared with the utmost attention for the quality and with love for the craft,” Antoine Bosteels, who is currently the head of the company, said in a company statement. “I am happy that in joining the network of AB InBev’s “craft & specialty” breweries our story can continue in a family of Belgian brewers and in a group of Belgian brewers that can open doors to new business challenges.”