ZX Ventures, the growth and innovation group of AB InBev, has sold homebrew supply retailer Northern Brewer to an affiliate of Blackstreet Capital Holdings.
Founded in 1993, Minnesota-based Northern Brewer sells a range of beer and wine kits as well as brewing equipment and ingredients.
Blackstreet Capital Holdings (BCH) is a US-based diversified holding company led by Murry Gunty.
“This transaction brings Northern Brewer back to its roots as an independent supplier of high-quality kits, ingredients and equipment,” said Gunty.
“We are excited to partner with Northern Brewer and to continue its tradition of serving the craft beer industry since 1993.”
In recent months, ZX Ventures has acquired US-based consumer review website RateBeer as well as Australian alcohol retailer BoozeBud.
Speaking to FoodBev earlier this year, ZX Ventures revealed plans to expand its low-alcohol craft beer offer in China in a move to capitalise on growth opportunities in the country’s beer market.
According to Nicolas Morelli, head of craft and specialties, APAC North, at ZX Ventures, the low- and no-alcohol craft beer market “is much more relevant in China than in any other market” because Chinese drinkers are more used to low-strength beers.
© FoodBev Media Ltd 2020