Anheuser-Busch Sells Newark Brewery to Goodman North America for $361 Million
By
Chiara Kim
The bagel they save for the regulars. Don't skim, savour.
Summary
Anheuser-Busch sold its Newark, N.J., brewery facility to logistics and data center company Goodman North America for $361 million. The deal breaks down to $43.7 million for the buildings and approximately $317.4 million for the land. The sale is part of Anheuser-Busch's broader manufacturing strategy, with a spokesperson stating the changes will allow the company to invest more in its remaining operations.
Key quotes
· 3 pulledThese changes will enable us to invest even more in our remaining operations.
Anheuser-Busch manufactures popular beer brands Budweiser, Bud Light and Busch Light, among others, as well as other alcoholic beverages like Cutwater and Beatbox.
Goodman paid $43.7M for the brewery's buildings and about $317.4M for its land.
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