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Anheuser-Busch to Purchase Chicago-Based Goose Island

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CHICAGO - JANUARY 19:  John Wyzkiewicz monitors equipment at the Goose Island Brewery January 19, 2007 in Chicago, Illinois. Goose Island is one of hundreds of small breweries that have started up across the country in the past two decades. (Getty/Getty Images)

CHICAGO – JANUARY 19: John Wyzkiewicz monitors equipment at the Goose Island Brewery January 19, 2007 in Chicago, Illinois. Goose Island is one of hundreds of small breweries that have started up across the country in the past two decades. (Getty/Getty Images)

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CHICAGO (AP) — St. Louis-based beer giant Anheuser-Busch is buying Chicago-based Goose Island brewery for $38.8 million in a deal announced Monday.

Anheuser-Busch says the move will help Goose Island meet a growing demand for Honkers Ale and its other brands. Anheuser-Busch has distributed Goose Island beers since 2006.

Goose Island founder and president John Hall will stay on as chief executive officer. Chicago’s two Goose Island brew pubs are not part of the deal and will continue operating.

The deal needs regulators’ approval and is expected to close in the second quarter of this year.

Anheuser-Busch is buying 58 percent of Fulton Street Brewery, Goose Island’s legal name, for $22.5 million and the remaining 42 percent from Portland, Ore.-based Craft Brewers Alliance Inc. for $16.3 million.

Copyright 2011 The Associated Press.

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