A-B InBev downplays talk of move beyond beer

Anheuser-Busch InBev, which is in the process of acquiring rival SABMiller, believes future acquisitions are more likely to be in beer rather than other beverages, its chief executive said on Wednesday.

“We’ve always done it within beer. We don’t believe in going too much outside beer. That makes the likelihood of success in integration higher,” CEO Carlos Brito said at the company’s annual meeting.

Brito’s comments suggested that future deals were possible but that acquisition candidates were more likely to be drawn from closer to its core business.

However, Brito did note one clear area of growth in the coming years — low and no alcohol beers. The company has a target that these should make up 20 percent of overall revenue by 2025. It does not say what that percentage is now.

Read more: St. Louis Post-Dispatch


Tags:,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students