Devils Backbone Acquisition “Met With Applause” at Brewery

Dear Client:If not for the preceding rumors and Virginia's status as a fast-growing craft market, one might be surprised by today's announcement on the tie-up between Devils Backbone and Anheuser-Busch. Indeed, Devils Backbone co-founder Steve Crandall is on the Brewers Association Board as a packaging brewery representative; after this news, that will likely not endure.But Devils Backbone has had an astounding 8-year compounded annual growth rate of 320%, placing it among the fastest growing craft brewers in that time period