A growing Tempe, Arizona-based craft brewer that pushed for a new microbrewery law this year has been bought by beer giant Anheuser-Busch.
The purchase of Four Peaks Brewing Company was announced by Anheuser-Busch on Friday. Terms were not disclosed.
Four Peaks has two Tempe pubs, one in Scottsdale and a location at Phoenix Sky Harbor International Airport.
Anheuser-Busch says in a news release that the deal is the sixth purchase by the company's specialty craft and import brand business known as The High End.
Arizona Gov. Doug Ducey signed a bill in March increasing the production cap for state microbreweries as Four Peaks neared the old limit. The microbrewery got the cap changed twice previously to allow it to keep its license and still own and run restaurants.