Craft Brew Alliance Has Global Ambitions for Its Beer
After being left at the altar last month when Anheuser-Busch InBev (NYSE: BUD) opted not to make a qualifying offer to buy it, Craft Brew Alliance (NASDAQ: BREW) had to explain how it still planned to grow.
Although it could pursue another company to acquire it, the craft brewer seems to prefer going it alone and accelerating top-line growth by expanding internationally. It already has more than a nascent presence in certain markets, primarily Brazil, and the international business is fast approaching the threshold of 10% of its revenue, the point at which the Securities and Exchange Commission requires a company to break out the data, so more clarity will be coming in the future. But it believes next year is when investors will really see the international market pay off.
Craft Brew Alliance is looking for La Rubia to be an even bigger brand than Kona. Image source: Wynwood Brewing.
Source Fool.com
