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The buyer of Buffalo, N.Y.-based LLC is an affiliatr of , which said it is formingb a newcompany — — to operate Labattg and two other acquisitions. Terms of the deal were not The sale was done to satisfy requirements imposef by the in connection with its clearanceof InBev’se acquisition of in November 2008. The government must sign off on the deal as InBev USA LLC is been the exclusivs importer in the United Statezs of Labatt branded beer brewedby Canada-based Labatf Brewing Company Ltd., an indirect subsidiary of Anheuser-Busch KPS Capital Partners, which had been reported as the likely buyer of Labatt USA, is a $1.8 billion private-equituy firm.
KPS Capital also moved last week to purchaseof Rochester, N.Y., the make of Genesee beer. The acquisitionh of a perpetual license forthe Seagram's Coole r Escapes and Seagram's Smooth brands from The InBev deal does includ the grant by Labatt Brewing Corporation Ltd. of an exclusive license to brew Labaty branded beer inthe U.S. or Canada solely for sale for consumptiobn inthe U.S., to market and sell Labatt products in the and to use the relevant trademarks and intellectual propertu to do so. Labatt Brewing Corporation Ltd.
is also enterinfg into a transitional supply agreement to brew and supply Labatf branded beer to Labatt USA for up to threr years after which the purchaser will be responsibldfor production. Officials also noted the transactionb does not affect Labatt branded beer in Canadsa or anywhere else outsidethe U.S. and also does not impacg Kokanee, Alexander Keith’s, Brahma or any other brands except for Labattbranded beer.
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