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Ambev

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Ambev S.A.
Company typePublic
IndustryBeverage
PredecessorCompanhia Cervejaria Brahma
Companhia Antarctica Paulista
Founded1999; 25 years ago (1999)
FateMerged to form AB InBev in 2008
Headquarters,
Area served
Brazil, Latin America, Canada[1][2]
Key people
Jean Jereissati (Chairman & CEO)
ProductsBeers and soft drinks
RevenueIncrease R$ 72.85 billion (2021)[3]
Increase R$13.47 billion (2021)[3]
Number of employees
41,000+[4]
ParentAB InBev
Websiteambev.com.br

Ambev, formally Companhia de Bebidas das Américas, is a Brazilian brewing company now merged into Anheuser-Busch InBev. Its name translates to "Beverage Company of the Americas", hence the "Ambev" abbreviation. It was created on July 1, 1999, with the merger of two breweries, Brahma and Antarctica. The merger was approved by the board of directors of the Brazilian Administrative Council for Economic Defense (CADE) on March 30, 2000. The organization's headquarters are in São Paulo, Brazil. It is one of the largest companies by market capitalization in Brazil and in the Southern hemisphere.

Overview

Ambev operates in 18 countries in the Americas[2] and its products include beers such as Antarctica, Bogotá Beer Company, Brahma, Bohemia, Stella Artois and soft drinks like Guaraná Antarctica, Soda Antarctica, Sukita and the innovations H2OH! and Guarah. The largest PepsiCo bottler outside the United States, it sells and distributes PepsiCo products in Brazil and other Latin American countries, includes Pepsi, Lipton Ice Tea and Gatorade by franchise agreement. According to an analyst at "Share Market Updates" in October 2016, the company operated through Latin America North, Latin America South, and Canada segments.

Ambev offers beers primarily under the Skol, Brahma, and Antarctica brands. The company also provides carbonated soft drinks, bottled water, isotonic beverages, energy drinks, and ready-to-drink teas under the Guaraná Antarctica, Guaraná Antarctica Black, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Monster, Red Rock, Pepsi-Cola, and Seven Up brands."[citation needed]

In 2004, Ambev merged with Belgian company Interbrew to form InBev. In 2016, InBev merged with American company Anheuser-Busch to form Anheuser-Busch InBev.[5] Ambev S.A. is currently a subsidiary of Interbrew International B.V., which is in turn a subsidiary of Anheuser-Busch InBev SA/NV.[6]

See also

References

  1. ^ "South American Beverage Company". Nasdaq. Retrieved 2022-04-05.{{cite web}}: CS1 maint: url-status (link)
  2. ^ a b "Where we operate". Ambev IR. Retrieved June 16, 2022.
  3. ^ a b "2021 FY Report". Ambev IR. February 2, 2022. Retrieved June 16, 2022.{{cite web}}: CS1 maint: url-status (link)
  4. ^ "2021 Annual and ESG Report" (PDF). Ambev IR. May 4, 2022. Retrieved June 16, 2022.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "Company Information". Anheuser-Busch InBev. Retrieved 20 May 2015.
  6. ^ Johnson, Steve (26 October 2016). "Johnson". Share Market Updates. Share Market Updates. Archived from the original on 2017-02-06. Retrieved 5 February 2017.
  7. ^ Ambev - Companhia de Bebidas das Américas Archived 2008-04-27 at the Wayback Machine