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In Brazil, two of the country's largest breweries, Companhia Cervejaria Brahma (founded in 1888) and Companhia Antarctica Paulista (founded in 1885), merged to form AmBev in 1999. Purpose: To consolidate the beer and soft drinks market in Latin America. Impact: AmBev became the largest beverage company in Latin America, controlling nearly 70% of the Brazilian beer market at the time. -
The Belgian company Interbrew (owner of Stella Artois and Beck’s) and the Brazilian company AmBev merge to form InBev.
Transaction value: Approximately $11.5 billion USD. -
InBev acquired Anheuser-Busch, the iconic U.S. brewer known for Budweiser, Bud Light, and Michelob.
Transaction value: $52 billion USD. -
AB InBev acquires Grupo Modelo, the maker of brands such as Corona, Modelo, and Pacífico.
Context: AB InBev already held a 50% non-controlling stake via a previous partnership.
Transaction value: $20.1 billion USD for the remaining 50% stake that AB InBev didn’t already own. -
Context: AB InBev had sold OB in 2009 as part of its strategy to pay down debt after acquiring Anheuser-Busch. The 2014 reacquisition reinforced its presence in the fast-growing Asian market. -
AB InBev acquired its biggest competitor, SABMiller, known for brands such as Castle, Peroni, and Miller.
Transaction value: Approximately $103 billion USD.
Impact: AB InBev solidified its position as the undisputed leader of the global beer market.
Post-merger, the company controlled approximately one-third of all beer sold worldwide.