The acquisition of the fourth-largest craft brewer in the U.S. marks another major investment by a traditional brewer in the craft category.
The world’s biggest brewer will buy out Craft Brew Alliance, the owner of Kona Brewing, in its second craft acquisition this year.
“There was a sharp decline in the United States, where [Heineken's] Mexican lager Tecate slid further."
"When we do not meet our objectives, we take responsibility for it," the company said as it reported a "disappointing" performance last year.
The $7.8 billion acquisition of Pilsner Urquell and other brands continues the Japanese brewer's push to build its overseas business.
The beer giant reports an 18% drop in full-year profit ahead of its $108 billion merger with rival Anheuser-Busch InBev.
While SABMiller said AB InBev's revised $104 billion offer is inadequate, Wall Street appears optimistic a deal will eventually be done.
A merger of the two companies would create a brewing behemoth but could face antitrust hurdles in the U.S.
