World’s largest brewer officially created – Anheuser-Busch InBev
InBev announced this morning (ADST) that it has finalised the US$52b purchase of Anheuser-Busch, following approval from shareholders of both companies.
The combination creates the global leader in beer and one of the world’s top five consumer products companies. The name of InBev will change to Anheuser-Busch InBev, with Anheuser-Busch becoming a wholly owned subsidiary of Anheuser-Busch InBev and will retain its current headquarters in St. Louis.
The belgian-based brewer will now manage a portfolio of over 200 brands that includes global flagship brands Budweiser, Stella Artois and Beck’s, as well as Leffe and Hoegaarden, among others.
“We are extremely pleased to announce the closing of this historic transaction,” Carlos Brito, CEO of Anheuser-Busch InBev, said. “By bringing together these two great businesses, we have created a stronger, more competitive global company with a leading international brand portfolio and distribution network, and great potential for growth all over the world. We look forward to leveraging the operational and cultural strengths of both companies.”
“Today also marks an important step towards achieving our shared dream of becoming the best beer company in a better world,” Mr Brito added. “Anheuser-Busch and InBev both have rich brewing traditions and a commitment to quality and integrity. We will succeed by celebrating and integrating both companies’ strong brands, heritages and values and by incorporating the best practices of both to create opportunities for all of our stakeholders worldwide.”
August A. Busch IV, President and CEO of Anheuser-Busch, was also excited by the potential for growth that the acquisition afforded. “By combining with InBev, we have created a first-class international consumer products company and, without a doubt, the premier global brewer,” he said. “Together, we will achieve our goals far more effectively than either company could on its own.”