Beer Goggles: Anheuser-Busch’s latest deal means you’ll soon be drinking more Hawaiian beer

The Craft Brew Alliance’s relationship with Anheuser-Busch InBev is one of the most unique business models in the beer industry. It just got a bit more interesting.

The ties between the two go back to 1994, when Anheuser-Busch BUD, +0.19% bought a 25% stake in then-Seattle-based Redhook Ale Brewery. In July 2008, Redhook and Portland, Ore.-based Widmer Brothers merged into what was then known as the Craft Brewers Alliance and kept Anheuser-Busch on as a partner. A-B was given two seats on the Alliance’s board and exclusive distribution rights, but CBA got access to the sprawling A-B distribution system and a little help with the marketing budget.

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