Anheuser-Busch InBev (NYSE: BUD) is set to take over independent beer company Blue Point Brewing Co. for an undisclosed price.

The deal coincides with a movement in which large beer companies are looking to expand their reach and capitalize on the popularity of craft beer.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.