Anheuser-Busch and InBev and AB InBev: Difference between pages
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Revision as of 20:32, 19 November 2008
Anheuser-Busch InBev was formally created on November 18, 2008.[1] It is the world's largest beer company and is a top-five consumer products company. Budweiser, it's flagship brand, is joined by numerous popular brands from both companies, including Bud Light, Stella Artois, and Beck's.
Anheuser-Busch
Anheuser-Busch Companies, Inc. operates the largest brewing company in the United States in volume with a 48.8% share of beer sales. It is the world's largest brewing company based on revenue, but third in brewing volume, before the proposed merger with InBev announced July 13, 2008. The company operates 12 breweries in the United States and nearly 20 others overseas.
Anheuser-Busch Companies, Inc. (ABC) is the holding company of Anheuser-Busch, Incorporated (ABI), a beer brewer. The Company is also the parent corporation to a number of subsidiaries that conduct various other business operations. ABC's operations comprise four segments: domestic beer, international beer, packaging, and entertainment, which contributed 75%, 7%, 10% and 8%, respectively, of the ABC's net sales, during the year ended December 31, 2007. Approximately 93% of the ABC's net sales are generated in the United States. Worldwide sales of the Company's beer brands aggregated 128.4 million barrels in 2007, which comprises domestic and international volume. International volume represents Anheuser-Busch brands produced overseas by company-owned breweries, under license and contract brewing agreements, plus exports from the Company's United States breweries.
Anheuser-Busch's best known beers include brands such as Budweiser, the Busch (originally known as Busch Bavarian Beer) and Michelob families, and Natural Light and Ice. The company also produces a number of smaller-volume and specialty beers, nonalcoholic brews, malt liquors (King Cobra and the Hurricane family), and flavored malt beverages (e.g. the Bacardi Silver family and Tequiza).
On July 13, 2008, Anheuser-Busch and InBev announced that they have completed a deal at $70 per share, which will create a new company to be named Anheuser-Busch InBev. Anheuser-Busch will get two seats on the combined 14 board of directors. The all-cash agreement, almost $52 billion in total equity, will create the world’s largest brewer, uniting the maker of Budweiser and Michelob with the producer of Stella Artois, Bass and Brahma. The two companies would have yearly sales of more than $36.4 billion and replacing the current No. 1 brewer (measured currently by volume), SABMiller in London.[2][3]
InBev
InBev is the second largest brewery company in the world.[4] While its core business is beer, the company also has a strong presence in the soft drink market in Latin America. It employs about 86,000 people and is headquartered in Leuven, Belgium.
InBev was created in 2004 when the Belgian company Interbrew and the Brazilian company AmBev merged, creating the world's largest brewer.[5]
InBev has operations in over 30 countries and sales in over 130 countries.[6] In 2006 it had a market capitalisation of €30.6 billion and net profit of €3.2 billion on sales of €13.3 billion (£10.61 billion).
On Sunday, July 13, 2008, InBev agreed to buy Anheuser-Busch which will create a new company to be named Anheuser-Busch InBev. It was reported that Anheuser will get two seats on the combined board of directors.[7] The deal has yet to be approved by appropriate regulatory agencies.
The all-cash agreement, for $70 per share, or almost $52 billion in total equity, will create the world’s largest brewer, uniting the maker of Budweiser and Michelob with the producer of Stella Artois, Bass and Brahma. The two companies would have yearly sales of more than $36.4 billion, surpassing the current number one brewer, London SABMiller.[2][3]
Corporate governance
Brazilian Carlos Brito is the current chief executive officer. Brito replaced John Brock at the end of 2005.[8] InBev's current Board of Directors include Allan Chapin, Carlos Alberto da Veiga Sicupira, Arnoud de Pret Roose de Calesberg, Jean-Luc Dehaene, Philippe de Spoelberch, Jorge Paulo Lemann, Roberto Moses Thompson Motta, Kees J. Storm, and Peter Harf (chairman of the Board).
InBev was created in 2004 from the merger of the Belgian company Interbrew and the Brazilian company AmBev.[9] Before the merger with Ambev, Interbrew was the third largest brewing company in the world by volume, Anheuser-Busch was the largest, followed by SABMiller in second place. Heineken International was in fourth place and AmBev was the world's fifth largest brewer.
References
- ^ http://www.stltoday.com/stltoday/business/stories.nsf/story/B4EC648E63B029C08625750500518E76?OpenDocument
- ^ a b nytimes.com, Anheuser-Busch Agrees to Be Sold to InBev
- ^ a b marketwatch.com, Anheuser-Busch accepts $52 billion InBev offer
- ^ Bid talk boosts Budweiser maker. BBC News. 2008-05-23.
- ^ "Interbrew buys AmBev and becomes world number one". Beverage Daily. 2004-03-03. Retrieved 2008-02-09.
{{cite web}}: Cite has empty unknown parameter:|1=(help) - ^ http://www.inbev.com/press_releases/20050330.1.e.cfm
- ^ InBev Buys Anheuser-Busch for $49.91B
- ^ "InBev Names New CEO". BRANDWEEK. 2005-12-28. Retrieved 2007-06-12.
{{cite web}}: Cite has empty unknown parameter:|1=(help) - ^ Interbrew buys AmBev and becomes world number one