Anheuser-Busch agrees to acquire Devils Backbone Brewing Company, a craft brewery in the US state of Virginia.

With this move, Devils Backbone will become the latest firm to join the portfolio of craft breweries within The High End, Anheuser-Busch’s business unit, comprised of craft and import brands.

Devils Backbone Brewing Company co-founder and CEO Steve Crandall said: "I am extremely pleased to announce the partnership of Devils Backbone Brewing Company with Anheuser-Busch. While we are joining a creative group of craft breweries in the division, Devils Backbone will retain a high level of autonomy and continue its own authentic DNA within The High End framework.

“While we are joining a creative group of craft breweries in the division, Devils Backbone will retain a high level of autonomy.”

"The existing management team plans to stay on board for many years, while continuing to innovate and bring locally crafted Virginia beer to the nation."

The firm was set up in 2008 by Steve and Heidi Crandall.

Its Outpost facility in Lexington, Virginia was originally projected to produce 10,000 barrels of beer in its first ten years; however, the facility produced almost 45,000 barrels in its first three years.

Virginia Governor Terry McAuliffe said: "Through the strength of Anheuser-Busch’s network of distributors, Devils Backbone’s award-winning craft beer will soon be available throughout the country and beyond."

The Outpost Brewery & Taproom in Lexington serves as the primary production brewery, while the Basecamp Brewpub & Meadows in Roseland serves as a visitor destination.

The High End president Felipe Szpigel said: "Devils Backbone has captivated beer drinkers in Virginia since opening its doors eight years ago.

"From the beginning, they have shown creativity and talent with the great beers they brew, and they’ve been able to use the authentic offerings at Basecamp Brewpub & Meadows to cultivate a fun, outdoor lifestyle that resonates with everyone. Pair these qualities with dynamic leadership and a dream to do something bigger, and you have the recipe for an even more promising future."