Anheuser-Busch acquiring LA's Golden Road Brewing

GLENDALE, Calif. (KABC) -- The self-proclaimed "King of Beers" is acquiring a popular Los Angeles craft brewery.

Anheuser-Busch, the makers of Budweiser, announced on Wednesday that it is buying Golden Road, the brewery on the border of Atwater Village and Glendale.

Golden Road is the largest craft brewery in Los Angeles County. It was founded just four years ago, but already sells products in over 4,000 retail locations.

Terms of the acquisition deal haven't been announced. The sale is expected to be finalized by the end of the fourth quarter.

"Golden Road's commitment to making great beer, their pioneering spirit and the passionate beer culture built within the company is what appealed to us," said Andy Goeler, CEO of Anheuser-Busch's Craft division, which includes Goose Island Beer Company, Blue Point Brewing, 10 Barrel Brewing and Elysian

Brewing.

A second Golden Road production brewery and pub in Anaheim is slated to be operational by the fourth quarter of 2016.

City News Service contributed to this report.