Beer Merger Advances
After a proposed arrangement submitted Friday, the federal court has approved Anheuser-Busch Inbev to purchase the 50% of Grupo Modelo that it doesn’t already own. Anheuser-Busch the brewer of two of the top selling beers in the United States, Bud Light and Budweiser would close their deal in June. The merger is expected to be worth $20.1 billion. This is an important acquisition for Anheuser-Busch InBev as Mexico sales of beer expands much quicker than the United States. Being one of the largest beer brewers already, Anheuser-Busch will now own Corona as well making their market share even larger than it already was.
Anheuser-Busch InBev already has 12 breweries in the United States and with the purchase of one of Mexico’s largest beer brewers, it might be a good sign that the United States could soon produce more beers. Without having to rely on foreign produced beers, breweries in the United States could open more breweries and eventually producing more jobs. This merger could ultimately be very beneficial to Anheuser-Busch’s sales.