SABMiller has stayed silent over press speculation that it may acquire spirits distiller Industria Licorera de Caldas (ILC).
Speaking to just-drinks today (11 July) the company declined to comment when asked about its interest in Columbian distiller ILC. The speculation was fuelled by recent reports that representatives of SABMiller had attended a meeting with ILC to express an interest in acquiring a stake in the company.
In May SABMiller said it plans to invest in its South American operations over the next five years due to a rise in sales volumes and profit growth potential in the region.

The company said that a US$1.8bn investment will be spent renovating the brewer's brand's image in an effort to broaden the brewer's consumer base. The campaign will include new packaging and upgraded brewing capacity, as well as improving point of sale and developing route to market networks said the group.

Strong volume growth in Colombia has already accelerated the investment of US$175m in a new brewery in Cali. Similarly in Peru, SABMiller's subsidiary Backus and Johnston announced it will invest US$102m in the expansion of its facilities at Ate and Motupe.