Anheuser-Busch has announced an agreement to acquire Virginia-based Devils Backbone Brewing Company.
Anheuser-Busch issued a statement regarding the new partnership on Tuesday.
Steve Crandall, co-founder and CEO of Devils Backbone Brewing Company, says in the statement that Devils Backbone will "retain a high level of autonomy," and that the "existing management team plans to stay on board for many years."
Gov. Terry McAuliffe says in the statement that through Anheuser-Busch's network of distributors, Devils Backbone will soon be available nationwide.
Candrall founded Devils Backbone in 2008 after a trip to Europe inspired him to open the brewery. In 2014, Devils Backbone became Virginia's highest volume craft beer producer when it opened its Outpost facility in Rockbridge County.
Anheuser-Busch's partnership with Devils Backbone is expected to close in the second quarter.