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The 79-year-old Mr Buffett, known as the “Sage of Omaha” for his investing skills, had praised McLane in February in his annual letter to shareholders, in which he singled it out as the only big company Berkshire Hathaway owned in the sector that did not suffer in the recession.
The Americas
"We don’t see 2010 as a frothy year across the board," Craig Omtvedt, Senior Vice President and Chief Financial Officer of Fortune was reported as saying.
The Americas
Despite the softening of the overall beer market, craft brewers have every reason to be jubilant. Last year, craft beer volumes grew by 7.2 percent in hl and 10.3 percent in dollars over 2008.
The Americas
“We believe that a deal is likely to be announced this year,” Evolution Securities’ analyst Andrew Holland reportedly said in a research note in early March.
The Americas
"Both families want to be in the business for the long haul," Mr Swinburn was reported as saying. "The reality is that if you don’t run the business to the best of your ability and actually generate the sort of profits, cash and return to shareholders that shareholders demand, it doesn’t matter what company you are."
The Americas
However, the brewery’s closure also delivers another blow to the labour market in Hamilton, which has seen massive layoffs in some of its key industries.
The Americas
Through a series of panel discussions, keynote speeches and the popular industry specific breakout sessions, attendees will be able to get a better understanding of the challenges which beverage companies both big and small are facing and how they are reacting to these changing events.
The Americas
In Chile, CCU operates two breweries and a beer bottling plant, a soft drink plant, two mineral water bottling plants and eight wineries. In neighbouring Argentina it has three breweries.
The Americas
The Concise covers every aspect of brewing from grain to glass, with content designed by the WBA partners of Siebel Institute of Technology and Doemens Academy, two of the world’s leading brewing schools.
The Americas
EBITDA rose 16 percent to MXN 5.45 billion (EUR 317 million), and operating profit was up 18 percent at MXN 4.65 billion (EUR 271 million) in the fourth quarter.
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BRAUWELT on tour
Most Read
BRAUWELT on tour
