US: Glazer's Buys Montana Beverage
Some 8 million Texans live outside Dallas, Fort Worth, Houston and Austin - a population Glazer's determined was being best served by the malt beverage industry, said president Jerry Cargill. When Glazer's bought its first domestic beer distributorship in Longview, Texas, about four years ago, the company had two goals: improve service to wine and spirits customers in the region and boost the existing business's performance.
Combining other beverages with beer distribution in rural areas "gives us a competitive edge in the beer market, and, at the same time, our spirits and wine service has improved," Cargill said.
The approach has so far paid off. Total revenue from malt beverages has grown from about $10 million three years ago to a projected $300 million in 2004, Cargill said.
"With a few modest purchases that we've made in rural America, we're now among the top 25 beer distributors in the country," Cargill said. "Our goal is to be in the top 10 before long, and, eventually, in the top five."
Having recorded a third consecutive year of volume, margin and earnings growth, global brewing force, SAB Miller, was in a position to give shareholders a 27% dividend increase and eye the acquisition...
Rumours that SABMiller is poised to launch a bid for Empresarial Bavaria swept the trading floor yesterday (2 June)....
The Indian subsidiary of SABMiller, MBL Investments (Mysore), has acquired the Shaw Wallace Group's 50% interest in the brewing operations of SABMiller's Indian joint-venture....
The German-owned investment house, Deutsche Bank, has upgraded shares in the UK-based international brewing group, SABMiller, from "hold" to "buy", and raised its target for the shares from 830p to 95...
The CEO of SABMiller has hailed the brewer's full-year figures as "very pleasing" today (19 May)....
SABMiller has seen its share rating upgraded....
Fresh rumours surrounding a possible bid for Scottish & Newcastle saw the brewer's share price rise sharply yesterday (18 May) morning....
SABMiller has agreed to acquire the Slovakian brewer Topvar. Topvar is located in the city of Topoľčany in Western Slovakia and sold 569,000 hectolitres of beer in 2004....
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