Anheuser-Busch InBev revises deal to sell Grupo Modelo brands (incl. Corona) to Constellation
Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) and Constellation Brands, Inc. (NYSE: STZ, STZ.B) today announced a revised agreement that establishes Crown Imports as the #3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo’s (BMV: GMODELOC) U.S. business. The transaction establishes Crown as a fully owned entity of Constellation, and provides Constellation with independent brewing operations, Modelo’s full profit stream from all U.S. sales, and rights in perpetuity to the Grupo Modelo brands distributed by Crown in the U.S.
via press release.
Breweries: A-B InBev, Constellation Brands, Grupo Modelo
Why not sell the a smaller company why does it have to be the world’s largest. The whole thing is to stop making the big get bigger!
Because small companies can’t afford it. It’s like when the British govt. ordered breweries to sell off some of their pubs, thinking it would increase competition. But all it did was prompt richer companies to buy them, concentrating pubs into the hands of fewer, bigger companies. Consolidation will happen at any cost.