A merger of InBev & SAB has nothing to do with Craft consolidation.
Consolidation in the craft industry will happen. It's just a matter of time and perhaps how.
Craft beer pioneers have spent decades building their business and are getting close to retirement. Ken Grossman (Sierra Nevada) recently announced his Son, Brian, will head up the Ashville operation. However, he's tried to get more of his kids involved and it wasn't for them. Beer is a special business, Craft even more so.
The biggest in the Craft business have to have and exit strategy. Most are privately owned. What happens when you get to be among the biggest and you look around for buyers? Not too many with the skills and money to take your business, are there? Do you just pack it up? Or do you find a way to realize all the deferred equity you've built?
I suspect that Craft Brewery public offerings will become a reality. It's an elegant way to solve the issue. However, after decades of hearing these pioneers talk and explain their philosophy, I'm certain that won't come while they're in charge. They're just too independent to allow themselves to live in the fishbowl of public stock.
New Belgium and others have opted for an employee ownership program. This works, but is slow and worth less than offering stock publicly.
An outright cash buyer is the most direct method of transfer. Again, not a lot of those to be found in the beer biz.