FDBusiness.com

AB InBev Acquisition of SABMiller to Yield Annual Synergies of $1.4 Billion

 Breaking News
  • Vion Names New CEO Vion, the international meat group, has appointed Ronald Lotgerink as its new CEO with effect from 1 September. Ronald Lotgerink is currently the CEO of Zwanenberg Food Group, a leading European producer and exporter of meat products, canned meat, snacks, soups and sauces. Ronald Lotgerink started his career at KPMG. In 1989 he joined Zwanenberg Food [...]...
  • Harrogate Water Reports Record Sales Harrogate Water has announced another year of record sales with growth of 24 per cent – almost four times higher than market growth for bottled water. The company has seen increased sales in the high-volume supermarket sector, continued strong growth in export and travel markets and greater demand for premium glass products in both grocery [...]...
  • Alcohol Worth £16 Billion is UK’s Leading FMCG Category Innovation in the drinks sector and a reduction in the amount of trade promotions has seen Alcohol retain its place as the top selling FMCG category in the UK, worth £16.1 billion (€18.2 billion) in value sales to the economy. This is according to big data and technology expert for consumer industries, IRI’s Top Categories Special Report – an analysis [...]...
  • Irish Grocery Market Fends Off the Beast from the East The latest grocery market share figures from Kantar Worldpanel, published today for the 12 weeks ending 25 March 2018, show that the Irish grocery market brushed off the Beast from the East to post strong sales growth of 3.8%. Douglas Faughnan, consumer insight director at Kantar Worldpanel, comments: “Although shoppers had upped their spend in preparation for [...]...
  • TrayTrack – A Unique Inline Overhead Concept For Optimum Tray Logistics Once trays have been filled with product, poultry processors will often be faced with how to transport them to packaging equipment elsewhere in the plant. This job can be done manually using crates. Alternatively, product can be transported on a complex system of belt conveyors, usually criss-crossing other similar systems. TrayTrack, a unique automated solution [...]...

AB InBev Acquisition of SABMiller to Yield Annual Synergies of $1.4 Billion

AB InBev Acquisition of SABMiller to Yield Annual Synergies of $1.4 Billion
November 17
09:58 2015

AB InBev expects to achieve pre-tax cost synergies of at least $1.4 billion per annum from its $106 billion acquisition of SABMiller, completion of which is expected in the second half of 2016. These synergies are expected to be phased in over four years following completion.

Given the largely complementary geographical footprints and brand portfolios of AB InBev and SABMiller, the combined group will have operations in virtually every major beer market around the world. The deal Transaction will strengthen AB InBev’s position in key emerging regions with strong growth prospects such as Asia, Central and South America, and Africa. These regions have hugely attractive markets and will be critically important to the future success of the combined group.

Demonstrating its commitment to promptly and proactively address regulatory considerations, AB InBev has agreed to the sale of SABMiller’s interest in MillerCoors – a joint venture in the US and Puerto Rico between Molson Coors Brewing Company and SABMiller – and the Miller Global Brand Business to Molson Coors Brewing Company. The total transaction is valued at $12 billion and is conditional on the completion of AB InBev’s acquisition of SABMiller.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • April 18, 2018Int'l Food Exhibition (IFFIP)
  • April 19, 2018GastroPan Exhibition
  • April 19, 2018Expo Drink & Wine
  • April 22, 2018Natural & Organic Products 
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements