Tag Archives: AB Inbev

AB InBev toasts strong Q2 and half-year results

Anheuser-Busch InBev hailed a strong first-half to 2017 as revenue grew 5% to $14bn in the three months to the end of June and 4.4% to $27bn in half-year.

The world’s largest brewer by sales credits its strong performance to a combination of benefits reaped from its merger with SABMiller last year and revenue management initiatives as well as premiumization. The company said it saved $335m from synergies in Q2 alone.

AB InBev said total beer volume grew 1%, with its own beer volumes up 2.1%, driven by growth in South Africa, Mexico and Australia despite continued struggles in the U.S. and Brazil, two of its largest markets.

AB InBev buys Energy drinks firm Hiball

Anheuser-Busch InBev on Thursday announced the acquisition of Hiball Inc – an energy drinks company based in San Francisco, California. The terms of the deal were not disclosed.

Hiball was founded in 2005 and makes a line of energy drinks with ingredients such as guarana and ginseng, as well as Alta Palla, a line of sparkling juices.

AB InBev said it plans to deliver Hiball products to new markets, while preserving their culture and brand identities.

AB InBev to spend $206.7m in South African subsidiary

Beer giant Anheuser-Busch InBev (AB InBev) announced on Tuesday an ambitious investment of R2.8bn rand ($206.7m) in expansion at its South African subsidiary, South African Breweries Limited (SAB).

The upgrade which would take place at two of its breweries in Alrode and Rossylyn, will add new packaging lines for returnable glass bottles at both breweries and a brewhouse at the Rossyln plant. Each packaging line will handle 45,000 bottles per hour, adding a total of four million hectolitres of capacity per year. The endeavour will create up to 70 additional full-time jobs, the company said.

Coca-Cola reaches agreement with South Africa over CCBA

Coca-Cola said on Thursday that it had reached an agreement with the South African government on a package of conditions addressing public interest considerations in connection with the proposed acquisition of AB InBev’s 54.5% stake in Coca-Cola Beverages Africa (CCBA).

The soft drinks giant reaffirmed its commitment to honour all merger conditions agreed with South African regulators when CCBA opened for business in 2016. Coke also agreed to ensure that the majority shareholder of CCBA will honour all merger conditions agreed at the creation of the company.

Anheuser-Busch InBev moves to merge its breweries in Nigeria

Anheuser-Busch InBev (AB InBev), the world’s largest brewer took steps on Tuesday to consolidate its operations in Nigeria.  International Breweries Plc, a subsidiary of the Belgian brewer announced on Tuesday that the Board of Directors of the three independently operated breweries controlled by AB InBev, namely International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited have agreed to explore a merger of their operations subject to regulatory and shareholder approvals.

Heineken closes on Brazil Kirin buy

Heineken N.V. announced on Thursday that it has completed the acquisition of Brazil Kirin Holdings S.A. from Japanese brewer Kirin Holdings Company, Limited.

The closing of the transaction follows fulfilment of all conditions precedent as agreed on 13 February 2017, when HEINEKEN announced it had entered into an agreement to acquire Brasil Kirin,” Heineken said in a statement.

AB InBev to pour $2bn into U.S. breweries through 2020

Anheuser-Busch InBev on Monday announced an ambitious programme to spend $2bn in investment in its U.S. operations over the next four years to increase brewing capabilities.

The world’s largest brewer said it will spend $500m each year for the next four years – describing it as one of the biggest ever capital investment programmes in the U.S. brewing history.

AB InBev weighs ramping up production in Nigeria

Beer giant Anheuser-Busch InBev is considering increasing capacity in Nigeria to keep up with demand, according to the company’s CEO Carlos Brito.

While speaking to analysts late last week following the brewer’s first quarter 2017 results, Brito said that the group was struggling to keep up with demand in Nigeria as the company continues to grow “double digits” in both volumes and sales terms. AB InBev reported double-digit volume gains in Nigeria, as well as increased capacity and further market penetration in Q1.

AB InBev posts impressive first quarter results amid struggles in U.S., Brazil

Anheuser-Busch InBev on Thursday reported a 3.7% revenue growth in the first quarter of 2017 (Jan – Mar) to $12.92bn.The growth was helped by increased volume sales activity in Latin America and Asia as well as revenue management and premiumization initiatives throughout its markets.

AB InBev completes sale of Distell stake

Anheuser-Busch InBev said on Wednesday that it has completed the sale of its indirect shareholding in South Africa’s Distell Group, the continent’s largest wine and spirits producer to the country’s Public Investment Corporation (PIC), a state owned corporation that manages the government’s Employee Pension Fund.

The financial terms of the deal were not disclosed.

“The sale was required as a condition of the South African Competition Tribunal’s approval on 30 June 2016 of the business combination between AB InBev and SABMiller,” AB InBev said in a statement.