CBA meaning in Governmental ?

What is Craft Brew Alliance mean?

Craft Brew Alliance is a beer brewing company that originally was composed of five beer and cider brands:

Redhook Ale Brewery, founded by Gordon Bowker and Paul Shipman in 1981 in Seattle, Washington;Widmer Brothers Brewery, founded by brothers Kurt and Rob Widmer in 1984 in Portland, Oregon;Kona Brewing Company, founded by father and son team Cameron Healy and Spoon Khalsa in 1994 in Kona, Hawaii;Omission Beer, developed internally in 2012 in Portland, Oregon; andSquare Mile Cider, launched in 2013.

Craft Brew describes Kona and Omission as national brands, while the others are regional brands. In addition, Craft Brew launched strategic brewing and distribution partnerships with three other regional companies, whom it acquired outright on October 10, 2018:

Appalachian Mountain Brewery, from Boone, North Carolina;Cisco Brewing, Inc. from Nantucket, Massachusetts; andWynwood Brewing from Miami, Florida.

According to the Brewers Association, Craft Brew is the 9th largest beer brewing company in the United States, based on 2015 sales volume of 824,400 and an annual working capacity of approximately 1,075,000 barrels.

As of November 2019, Anheuser-Busch InBev has agreed to fully acquire Craft Brew Alliance in 2020. The acquisition started in December 2010, when AB InBev bought 32.2% of the business, became the company's distribution partner, was given two seats on its board of directors, and gained special status in the company's board committees. On August 23, 2019, AB InBev paid Craft Brew $20 million instead of exercising a "pay-or-play" option to buy out the rest of Craft Brew Alliance at a price of $24.50 a share (which would have cost about $328 million). As a consequence, shares of Craft Brew dropped more than 20% that day. However, on November 11, 2019, A-B agreed to purchase the rest of Craft Brew for $16.50 a share (about $220 million).

reference