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The Americas
So this is AB-InBev’s Plan B. On 14 February 2013, AB-InBev announced that they will sell all of Grupo Modelo’s U.S. business to wine company Constellation. As part of the deal, AB-InBev have agreed to divest themselves of Modelo’s newest brewery in Mexico in Piedras Negras and grant perpetual licenses of Modelo’s brands to Constellation for USD 2.9 billion (EUR 2.2 billion).
The Americas
When the U.S. Justice Department (DOJ) sued to stop the deal between AB-InBev and wine company Constellation in January 2013, it argued that combining the nation’s number one and number three beer sellers would drive up prices for consumers.
The Americas
In the din of brewers’ corporate Newspeak, one voice has always stood out: Graham Mackay’s. While his colleagues preferred to drone on in a language that could have been some obscure Mongolian dialect for all we knew, the outgoing Executive Chairman and former CEO of SABMiller could be trusted to talk about issues that really mattered in plain English that even a dumb blonde understood – had she been interested in the consolidation of the brewing industry.
The Americas
Media support is rallying behind the U.S. government to prevent AB-InBev’s pending transaction to acquire the remaining shares in Mexico's brewer Modelo that it does not already own.
The Americas
The future of beer importer Crown Imports, which ranks third in U.S. beer sales volume behind Anheuser-Busch and MillerCoors, looks decidedly uncertain after the U.S. government announced it will sue to block the attempted merger of AB-InBev and Mexico’s Grupo Modelo on 31 January 2013.
The Americas
In 2006 ProLeiT founded, together with the Brazilian plant manufacturer Dedini, the joint venture called „DAP – Dedini Automação de Processos“. Primarily DAP is responsible for the automation of Dedini plants and other projects in the Brazilian market.
The Americas
While most of us were partying through the holiday season, the experts at beerinsights.com worked overtime to put together their preliminary data on the performance of the major U.S. brewers and importers in 2012. They were released on 14 January 2013 and make fascinating reading.
The Americas
Looks like AB-InBev were highly optimistic when they announced in June 2012 they expected their Modelo deal to close in the first quarter of 2013. That was provided the lawyers at the U.S. Justice Department did not drag their feet. But seven months later, the anti-trust regulators still seem to be in no rush to issue their verdict.
The Americas
The US company of the Krones Group, Krones Inc. in Franklin/Wisconsin (USA), and Krones AG, Neutraubling (Germany), have now settled the legal disputes that have been ongoing in the US since October 2008. Only one claim for legal fees remains pending. The proceedings concerned relate to claims for damages asserted by several American financial service providers, a group of hedge funds and a liquidator, and most recently investigations by the district attorney in Pennsylvania. The settlement agreed with the liquidator is still subject to formal approval by the insolvency court. The proceedings related to the financial scandal involving the bankruptcy of the US company Le-Nature’s.
The Americas
AB-InBev's investor Jorge Paulo Lemann is Brazil's richest man, according to Bloomberg's recent billionaires index. Bloomberg ranks Mr Lemann as the world's 37th most wealthy person based on Bloomberg's 30 November 2012 estimates, which put Mr Lemann's fortune at USD 18.7 billion.
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BRAUWELT on tour
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BRAUWELT on tour
