At least it seems to stay with a local company that is actually interested in continuing brewing beer there? Germans tend to be quite invested in their beer, so this seems more like a "become part of our brand as-is and we'll continue financing you" situation, which is a win-win for everyone.
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Never been to Weltenburger, but I used to go to Kloster Andechs with my dad and grandmother to get their pork knuckles. Something about going to a kloster (abbey) and seeing the monks living there like it's still the 1500s is very cool. Kloster Andechs was founded in 1458 with an official writ for operating as a tavern, and has been brewing since then. Imagine living in a place that's been around and doing the same thing for 560+ years.
Hell, in Phoenix, shit gets torn down for being 20 years old.