SABMiller plc (LON: SAB) agreed to buy Meantime Brewing Co. of the U.K. as European craft beer makers start to gain attention from the world’s biggest brewers just as they have done for years in the U.S. 

The acquisition brings to SABMiller a business whose beer shipments rose 58 percent last year, compared with 1 percent growth for all U.K. beers. Meantime products such as London Lager are sold in more than 900 pubs and bars, as well as in Waitrose, J Sainsbury Plc and Marks & Spencer Group Plc stores, SABMiller said Friday, without giving financial terms.

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