HTN: New Owner Says Labatt USA to Stay

The new owners of Labatt USA have vowed to keep the company's offices in Buffalo, and also hope to grow its employment. New York City-based KPS Capital partners bought Labatt USA, as well as High Falls Brewing Co. in Rochester, from InBev, the parent company of Anheuser-Busch. Labatt USA handles the importing and marketing of Labatt's Blue and other Canadian brands. The US Justice Department has required InBev to divest Labatt USA in order to complete its acquisition of Anheuser-Busch.