Beverage industry company news

Subscribe via RSSWhat is RSS?

Latest News

BRAZIL: AmBev & Schincariol at loggerheads again

22 Mar 2004

Another row has broken out between AmBev and Schincariol, according to press reports, this time over product endorsement.

COMMENT: Interbrew/AmBev’s mixed blessings

19 Mar 2004

Interbrew has announced its intentions to take a controlling stake in AmBev, creating one of the largest brewers in the world. For both companies, the main driver for the tie-up is an ongoing search for market share in the other's main markets. However, if Interbrew loses important components like Labatt and Rolling Rock, it might yet find itself with a hefty bill to pay.

Beer giant steps into the arena

9 Mar 2004

The merger of Belgian brewing combine, Interbrew, and Latin American drinks force, AmBev, has certainly taken the industry by surprise if nothing else. As the dust settles, Chris Brook-Carter and Olly Wehring examine the deal and its possible impact on the new group's slightly stunned competitors.

US: AmBev will not interfere with Labatt - report

5 Mar 2004

AmBev, the new owner of Labatt, will not “tinker” with the Canadian brewer’s operations, according to press reports.

BELGIUM: Interbrew/Ambev create global giant

3 Mar 2004

Two days after revealing it was in talks with South American brewing giant AmBev, the Belgian brewer Interbrew today announced that the two companies had agreed to combine, in a deal that will create the world’s largest brewing entity by volume.

BRAZIL: AmBev losing share at home - report

20 Oct 2003

AmBev, Brazil's largest brewer, has seen its market share on its domestic market fall from 70% to 66% between June and September this year.

MEXICO: Femsa eyeing Argentinean brands

29 Jul 2003

The Mexican drinks group, Fomento Economico Mexicano SA (Femsa), has said it is considering buying the rights to certain secondary brands belonging to the Argentinean brewer, Quilmes.

BRAZIL: AmBev shakes up management structure

2 Jul 2003

Companhia de Bebidas das Americas (AmBev), the world's fifth-largest brewer and Brazil's leading beverage company, said yesterday that its chief executive officer Magim Rodriguez would be joining the board of directors next year as vice chairman.

VENEZUELA: Brahma maintains sales despite crisis

1 Jul 2003

Brazilian brewer Brahma is expecting to maintain its sales level in Venezuela in 2003, despite the country's political and economic crisis, Executive Director Luiz Franciss said. The brewer sold an overall total of 130m litres in Venezuela in 2002, and was the country's third largest brewer (after Polar and Regional) with a 10% market share nationally and a 19.7% share in the capital Caracas.

VENEZUELA: Court rules against Brahma

24 Mar 2003

The Venezuelan high court has ruled that the Brazilian brewer, Brahma, must change the label design of its light beer in Venezuela as it is too similar to local rival, Regional. The Supreme Tribunal of Justice also fined Brahma US$100,000.

ARGENTINA: Ambev given go-ahead for Quilmes deal

14 Jan 2003

The Brazilian beermaker AmBev has obtained a green light from the Argentine authorities to acquire a significant stake in Quinsa, which controls Argentina's leading beermaker Quilmes. The US$6m deal will see AmBev, the world's fourth largest brewer, take a 37.5% holding in Quinsa, which in turn controls Quilmes, a market leader in Argentina, Bolivia, Paraguay and Uruguay.

Light relief for Latin America's brewers

16 Dec 2002

Latin American consumers were slow to acquire the taste for light beer but in the last couple of years the region's major brewers have seen huge growth from the category. Moreover, Owain Johnson found that light beers have given the brewers access to new consumers and provided invaluable growth during difficult economic times.

BRAZIL: Strong Q2 profit growth predicted for AmBev

8 Aug 2002

Analysts are predicting strong profit growth for the Brazilian-based Latin American brewing force, AmBev, for the second quarter in spite of sluggish volume growth.

BRAZIL: AmBev first quarter EBITDA up 14.2%

7 May 2002

The giant Latin American brewing and soft drinks group, AmBev, reported first quarter earnings before interest, tax, depreciation and amortization (EBITDA) of BR513.9m ($214.1m), a 14.2% increase on last year, in spite of sluggish market conditions in the key Brazilian market.

BRAZIL: AmBev posts strong rise in final quarter

5 Mar 2002

Brazilian drinks group, AmBev, posted earnings before interest, tax, depreciation and amortization of BRR761.6 million in the final quarter of 2001 against BRR607.1 million the year before.

BRAZIL: AmBev profits from price rises

1 Mar 2002

The South American beer giant AmBev, looks set to post firm 2001 results after taking measures to compensate a slowing sales environment with price rises. According to analysts' predictions, reported by Reuters, AmBev will record 2001 earnings before interest, taxes, depreciation and amortization (EBITDA), of 1.89 billion reais (US$788m).

Competition alive in Brazilian beer market

18 Sep 2001

The arrival of the giant Ambev on the Brazilian beer market was meant to see the end to all competition in the Latin American market. But as Steven Anderson reports, despite growing economic difficulties Ambev's competitors are far from buried.

Argentinean brewers do battle with foreign investors

7 Sep 2001

Argentina has become a battle ground for market share between domestic and international brewers, as growth remains flat and the economy struggles. But despite the struggle, both sides are keen to continue investment in an effort to gain the upper hand. Jamie Sundquist reports.

Latin America beer review: Growing pains

20 Aug 2001

Latin America, characterised by economic uncertainty, is one of the beer industry's toughest markets. Over the next few weeks, just-drinks brings you its 2001 Latin American beer review. In the first instalment Chris Brook-Carter reports on the economic outlook for producers in the region.

BRAZIL: AmBev restructures soft drinks production

14 Mar 2001

AmBev has begun restructuring its units in Bahia. The soft drink bottler in the Salvador metropolitan region of Simoes Filho has already started to transfer all of its production 55km from the capital to the Camacari unit.

USA: CCU's Credit Quality Enhanced by A-B's Stake in Company

9 Jan 2001

The decision by Anheuser-Busch (A-B) to purchase 14 percent of the outstanding shares of Compania Cervecerias Unidas S.A. (CCU) for $224 million bodes well for CCU's long-term credit profile according to Joe Bormann, an analyst at Fitch. 'CCU has maintained a very strong credit profile for the past decade. The company's financials are solid and its business position is secure. The company's long-term interest is now closely aligned with those of the largest brewer in the world, A-B,' Bormann said.

USA: AmBev Announces a Share Buyback Program and Payment Of Interest on Shareholders' Equity

14 Dec 2000

Companhia de Bebidas das Americas -- AmBev (''AmBev'') announced today that the Board of Directors of Companhia Cervejaria Brahma (''Brahma''), its wholly owned subsidiary, has approved a buyback program of the common and preferred share AmBev. The program calls for the acquisition of up to 396,368,782 common shares and 2,107,031,690 preferred shares issued by AmBev, representing 10% and 9.8% of the respective float in each class (i.e. 3,963,687,815 common shares and 21,607,581,900 preferred shares). As per Brazilian law, the buyback program is valid for 90 days. Should the number of shares actually acquired be below the established limit over the next 90 days, management intends to renew the buyback program in successive 90-day periods.

International Brewers Strategic Review

12 Dec 2000

Spurred on by consolidation the likes of which have never been seen before in the industry, the world's top brewers have never looked more powerful, or perhaps more vulnerable. Chris Brook-Carter reviews leading beverage research company Canadean's latest report on the world's top beer companies.

Molson buys into Brazil with global expectations

20 Nov 2000

Brazil, land of sun, sizzling beaches, dental floss thongs and the world's largest carnival. Canada, land of snow, sparkling lakes, polar fleece, and some of the world's greatest skiing. Two opposite cultures not to mention climates, yet however different they may seem, there is something that now binds the two nations - beer. Molson beer to be precise.

BRAZIL: AmBev poised for unparalleled growth but international expansion key

16 Nov 2000

AmBev, Brazil's largest brewer, and fourth largest brewer in the world, is poised to benefit from growth unmatched by any other brewer in the world, according to a report from a leading investment bank. AmBev recently posted a 70% increase in year-on-year earnings before interest, taxes, depreciation and amortisation (ebitda). And deutsche Bank in a recent report said: "We view the (third) quarter as an appetiser - we are excited about what is yet to come. Which brewer is poised to grow its ebitda like AmBev over the next two years? No one in our opinion."The merger between Antarctica and Brahma, formerly the country's leading brewers, that created AmBev is set to deliver synergy gains that will total $250m annually as of next year.Furthermore, Brazil is one of the fastest growing beer markets in the world.However some doubts still remain over the brewer's ability to capitalise on the international market, essential if it is to deliver growth in the long term. A recent article in the UK's Financial Times said: "With all but 3.4% of AmBev's 76.4m hectolitre sales for 1999 originating in Brazil, in the long run, the combined company will have to expand internationally to create additional value and diversify its risk, analysts say."The acquisition in September of Salus, Uruguay's number two brewer, is an indication of AmBev's intent to move outside its traditional Brazilian borders. However as most of the markets in South America are family-owned companies it makes it difficult to grab market share and growth is likely to be slow.The Salus acquisition, for example, only brought an extra 190,000 hectolitres to the AmBev stable, less than 0.3% of the company's total production.

BRAZIL/CANADA: AmBev sells Bavaria to Canada's Molson Inc.

8 Nov 2000

AmBev - Companhia de Bebidas das Americas (NYSE: ABV) announces that on Nov. 6, it concluded negotiations to sell the Bavaria S/A company to Canada's Molson Inc. The divestiture of the Bavaria brand and five plants was a condition made by the "Conselho Administrativo de Defesa Economica" - Cade (Administrative Council for Economic Defense) on March 30 to secure the approval for the merger between the Antarctica and Brahma breweries. In addition to this, AmBev will have to share its Antarctica retail distribution network with Molson.Molson purchased Bavaria for US$213 million, of which US$98 million was paid upon the business conclusion and the remaining amount is conditioned upon the company's performance. The business includes the selling of two former Antarctica plants in Ribeirao Preto, Sao Paulo and Getulio Vargas, Rio Grande do Sul and three Brahma plants in Cuiaba, Mato Grosso; Manaus, Amazonas; and Camacari, Bahia. All of these units received during the last few months, investments of R$17 million, and are currently fully operational and already making the Bavaria beer. The Ribeirao Preto unit, which already had a bottle production line, started up a can production line, to comply with the Cade's ruling.In order to make both the brand and the selling of assets feasible, AmBev has incorporated the Bavaria S/A company, which is being handed to the purchaser without financial liabilities. Bavaria S/A has an installed capacity to make 7 million hectoliters. Molson is Canada's largest brewery, holding a 45% share of the market.

BRAZIL: AmBev is Brazil`s biggest beverage company and the fifth worldwide

8 Nov 2000

AmBev - American Beverage Company is Brazil`s biggest beverage company and the fifth worldwide. In the beers segment it holds the fourth position worldwide. Its line of products includes also soft drinks, isotonic, teas and waters, holding a 38% stake of Brazil`s total beverage

Competition fragile in face of Brazilian domestic beer giants

31 Oct 2000

Six months on from the merger that created the giant Brazilian brewer AmBev, re-evaluates the Brazilian beer market. Despite multi-national interest in Brazil, complex distribution agreements, soft-drink alliances and the marketing spend of the "Big Two" are threatening smaller and international players.

USA: AmBev Begins Trading Its Shares On The New York Stock Exchange

18 Sep 2000

AmBev - Companhia de Bebidas das Americas (NYSE: ABV) will begin trading today on the New York Stock Exchange (NYSE), under the ticker symbols ''ABV'' for preferential ADRs and ''ABVc'' for common ADRs. AmBev's ADRs (American Depositary Receipts) replace Brahma's papers, which have been traded on the NYSE since

BRAZIL: AmBev Announces the Completion of the Combination of Brahma and Antarctica

15 Sep 2000

Companhia de Bebidas das Americas, AmBev, today announced that the final legal step in the combination of Companhia Cervejaria Brahma and Companhia Antarctica Paulista - Industria Brasileira de Bebidas e Conexos has been completed. At meetings of AmBev's and Brahma's shareholders held yesterday, the exchange of all outstanding shares of Brahma for shares of AmBev was approved and, therefore, Brahma has become a wholly owned subsidiary of AmBev. Antarctica became a wholly owned AmBev subsidiary in September 1999.AmBev's American depositary shares began trading on the New York Stock Exchange today. Shares of AmBev have been traded on the Sao Paulo Stock Exchange since September 1999.




Forgot your password?