Japan’s Asahi buys Australian craft brewer

Craft brewer Mountain Goat has been sold to Japan’s Asahi Holdings for an undisclosed amount.

Founders Cam Hines and Dave Bonighton made a statement on Facebook yesterday, saying they would be “sticking around” and continuing their involvement with the company. Brewing would continue at Richmond.

“We’ve been contract partners with Asahi for 3 years now, and with their expert help our beer has grown in demand, expanded nationally, and found a special place with beer lovers,” they wrote.

“We are confident that with Asahi on board, we will be able to convert many more people to craft beer than we could do on our own.” 

Fairfax notes that this is the second acquisition of an Australian craft brewer by Asahi in two years, following Cricketers Arms in April 2013.