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Foster Group closed up more than 7% after sources told Reuters beverage groups SABMiller and Asahi Breweries were looking at the Australian brewer's beer operations, valued at more than $10 bln.
21 January 2010 - Beer giant Heineken, which recently announced the USD 7.6 billion acquisition of the beer operations of the Latin American company FEMSA, is expected to considerably strengthen its position in the Americas.
Mr Gerry O'Hagan, supply director for Guinness, said: "The new brewery is part of the single biggest capital investment made by Diageo since the company's creation 10 years ago and will enhance the cost competitiveness of our global beer operations."
Glazer's has also expanded its beer operations throughout Texas and in 2006, became the owner of Union Beverage Company in Illinois, which recently merged with Wirtz Beverages to form Judge and Dolph, LLC, creating the largest spirit, wine and malt beverage distributor in the state of Illinois.
Wholesale beer operations are often franchises authorized by the brewery and state licenses to deliver warm beer in cans, bottles and kegs to retails from distribution warehouses geographically scattered across the brewer's trade area.
Informed sources said Friday that Kirin Holdings was in talks to acquire the drugmaker to strengthen its pharmaceutical business amid slow growth in its mainstay beer operations.
The 42-year-old Busch, who has headed Anheuser-Busch's domestic beer operations since 2002, will become the company's president and chief executive officer on December 1, replacing Patrick Stokes, who has held those positions since 2002 and will become the company's chairman.
The changes include the appointment of Alfredo Martinez, head of Femsa's beer operations, as deputy chief executive officer of Femsa.
During the year, the company became even more focused on spirits with the divestment of its wine and non-core beer operations. This should give it the potential to focus on the key issues facing its portfolio and return the company to growth.
28 January 2009 - San Miguel Corporation today announced that its board has approved the sale of its beer brands and the properties used in its beer operations to subsidiary San Miguel Brewery Inc.
to strengthen its drug business amid slow growth in its mainstay beer operations, informed sources said Friday.
The group's international beer operations are expected to have benefited from its acquisition of full ownership of Portuguese brewer Cantralcer while Euro 2004 soccer should also have helped.