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The BrewCity Redevelopment Group, LLC (BrewCity) announced that it has negotiated an accepted offer with the Pabst Brewing Company for the purchase of the former Pabst Brewing Company complex in Milwaukee, Wisconsin. Located on approximately six city blocks centred near 10th Street and Juneau Avenue, the complex consists of 25 separate buildings on over 20 acres of land with over 1,600,000 square feet of space. The City of Milwaukee has designated the Pabst Brewing Company as a Historic District subject to the oversight of the Milwaukee Historic Preservation Commission. The City has nominated the Pabst Brewery for inclusion in the National Register of Historic Places in an application to the United States Department of the Interior..

The outlook for Anheuser-Busch Companies, Inc.’s sales and earnings growth continues to be favourable, executives of the company told a gathering
of investors at the Prudential Securities Consumer Conference in September.
W. Randolph Baker, Vice President and Chief Financial Officer, reaffirmed the company’s 12% target for earnings per share growth in 2001. Baker also reaffirmed that the company expects its domestic beer shipments and sales-to-retailers to increase 1.5% for the full year 2001, while at the same time achieving a revenue per barrel gain of approximately 2.8%.
"The domestic beer industry outlook for both volume and pricing is very strong," August A. Busch IV, Group Vice President, Marketing and Wholesale Operations, was quoted as saying.1% and were up 0..

This is what guys and gals do. Brewers do it too - they only call it "sealing a partnership". Brazil’s AmBev and Mexico’s Femsa Cerveza are the latest couple to form an alliance in order to exchange strategic information and obtain distribution know-how in Latin America. Femsa holds 45% of the Mexican beer market, AmBev 70% of the Brazilian. Although the brewers claim that they pose no threat to each other as they are not be competing on the same turf, one should bear in mind that Interbrew North America has a 30% stake in Femsa. Now who’s in bed with whom?

It may have been the Silly Season but a British newspaper reported that South African Breweries (SAB) was in talks with Kaiser, Brazil’s second largest brewer. The purpose? The purchase of Kaiser for an estimated US$500 million. After all Kaiser is controlled by Coca-Cola and SAB, which bottles and distributes Coca-Cola in South Africa, has a close relationship with the US beverage group.
Kaiser has been the target of many a take-over story all year. For months speculation has been rife that Heineken would finally raise its 15% stake in Kaiser and become more active on the Brazilian market (beer consumption was 81.8 million hl in 2000) which is firmly in the hands of AmBev. AmBev retains a 70% share of the market with beer volumes of 57.3 million hl.0 million hl of beer..

Having received the go-ahead to buy a 27% stake in New Zealand’s wine company Montana - while Lion Nathan was ordered to reduce its 62% stake to 43% - British drinks group Allied Domecq has bought the Buena Vista Winery in California. The world’s num-ber two drinks company paid US$85.5m for the US company from Germany’s Racke Company. The deal, which includes US$20m debt, would not produce any earnings in the first full year, according to Allied Domecq.

Adolph Coors Co., the third largest brewer in the US, reported a 5.5% drop in second quarter earnings attributed to poor sales in Texas and California. Net income declined to US$50.5m from US$53.4m for the same period of last year. Net sales went up 3.4% to US$692.7m as gross sales rose 0.5% to 6.4m barrels. However, distributor sales to retail outlets declined 1.1% during the second quarter.

Grupo Modelo, Mexico’s market leader in the production and marketing of beer with a market share of 60.7%, reported second quarter EBITDA up 3.7% to 2.7bn pesos. While domestic shipments dropped 0.3% from the same quarter last year, exports grew 20.8%. During the second quarter, Grupo Modelo shipped 10.5m hl of beer. Operating income was 2.4bn pesos.

FEMSA, Mexico’s second largest brewer, reported second quarter profits up 3.8% while the beer division witnessed week domestic sales volumes. The beer division posted a loss in operating profit of 9.2% and a decline in domestic sales volumes of 4.3% from the same quarter last year. Exports, however, grew 11.6%. Operating profit was reported at 2.3bn pesos (US$254m).

AmBev, Brazil, bought the Cerveceria Internacional at a price of USD 12 million and thus acquired 18% of the Paraguayan beer market. AmBev is already active in Argentina, Uruguay, and Venezuela.

So it was only a rumour that Argentina’s Quilmes brewery would be sold to or merge with Brazilian beverage group AmBev. Quilmes refuted this rumour which has been going round Latin America and even denied that any contacts existed between the two beverage groups. But we have heard this one before and shall keep our ear on the ground.

"Schlitz is gone, Stroh is gone ... and I am not feeling too well myself." This is how Pabst might be thinking these days. Greedy shareholders, sly lawyers, unscrupulous entrepreneurs: The decline of the regional US brewers has had several protagonists, few winners and one big loser - the city of Milwaukee, whose downtown today resembles a memorial to the brewing industry.

During the second half of the 20th century, three brewers made Milwaukee famous: Schlitz, Pabst and Miller. Among those big wig brewers - we are talking hectolitre millionaires after all - Pabst was the oldest. The brewery was founded in 1844. That was even before Milwaukee became a city. The Miller brewery started production four years later in 1848, Schlitz in 1849 and Blatz in 1851. But to a large part....