US: Grey Eagle Distributors agrees Illinois Distribution Co takeover
By Andy Morton | 7 September 2012
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Grey Eagle distributes Anheuser-Busch InBev brands in the Midwest |
Grey Eagle Distributors has agreed to buy fellow Anheuser-Busch InBev wholesaler Illinois Distribution Co.
The deal is subject to approval from A-B InBev, which is expected by the end of the year, Grey Eagle said yesterday (6 September). No financial details have been disclosed.
The takeover will increase St Louis-based Grey Eagle's beer sales from 7m cases to 9.6m a year, making it one of the the largest distributors in the Midwest and one of the larger A-B Inbev distributors in the country, it said.
Illinois Distributing said “most of” its 85 staff will retain their jobs. Grey Eagle will keep Illinois Distribution's operations in Belleville.
Grey Eagle distributes Purus vodka, a brand sold off by A-B during its InBev takeover and relaunched by Pure Holdings in April last year.
Expert analysis
Anheuser-Busch InBev NVSA (ABI) - Financial and Strategic SWOT Analysis Review
Anheuser-Busch InBev NV/SA (AB InBev) is producer and distributor of alcoholic and non alcoholic beverages. The company, along with its subsidiaries, engages in the business of brewing and sale of beer and few non-alcoholic beverages, across the world. AB InBev is also involved in the export of beer and operation of one Theme Park in the US. The company manages a portfolio of nearly 200 beverage brands. It has operations in over 23 countries, across the US, Europe and Asia Pacific, and sells its products in over 130 countries. AB InBev's key brands include Budweiser, Stella Artois, Beck’s, Leffe, Hoegaarden, Skol, Bud Light and Staropramen. The company is headquartered in Leuven, Belgium. The strategic intent of the company is to form new alliances, enter new markets and improve its revenue. In the line with this strategy, recently, the company announced that it will acquire the remaining stake in Grupo Modelo, the Mexican brewing company.
Sectors: Beer & cider
Companies: InBev
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