Articles Tagged with 'Anheuser-Busch'

Platform Co-Founder Discusses Reasons for Selling to Anheuser-Busch

Platform Co-Founder Discusses Reasons for Selling to Anheuser-Busch

Anheuser-Busch InBev is back in the craft beer M&A game. After a two-year hiatus following the May 2017 acquisition of Wicked Weed, the world’s largest beer manufacturer announced today the acquisition of Cleveland’s Platform Beer Co., a transaction that is expected to close in the third quarter.

Anheuser-Busch InBev Acquires Platform Beer Co.

Anheuser-Busch InBev Acquires Platform Beer Co.

Anheuser-Busch InBev announced today the acquisition of fast-growing Ohio craft brewery Platform Beer Co. Financial terms of the transaction were not disclosed. In a press release, A-B noted that Platform was “the fastest growing regional brewery in the United States in 2017.” According to data from the Brewers Association, the Cleveland craft brewery increased production from 6,500 barrels to 20,000 barrels that year.

Last Call: Pyramid Owner Settles Lawsuit with Alehouse Staff; Manhattan Beer Distributors, Delivery Drivers Battle Over Alleged ‘Wage Theft’

Last Call: Pyramid Owner Settles Lawsuit with Alehouse Staff; Manhattan Beer Distributors, Delivery Drivers Battle Over Alleged ‘Wage Theft’

In this week’s edition of Last Call: Pyramid owner FIFCO USA settles a lawsuit with its Alehouse staff; Manhattan Beer Distributors and its delivery drivers battle over alleged ‘wage theft;’ Left Hand enters the CBD-infused, non-alcoholic drink market; New Delhi bans A-B InBev for three years; and more news bites.

Anheuser-Busch’s US Depletions Down 3 percent, Shipments Down 1.7 percent Halfway Through 2019

Anheuser-Busch’s US Depletions Down 3 percent, Shipments Down 1.7 percent Halfway Through 2019

Anheuser-Busch InBev today reported global revenue growth of 6.2 percent in the second quarter of 2019, despite ongoing volume declines in the U.S. A-B, the world’s largest beer manufacturer, recorded revenues of more than $13.9 billion during the quarter, and a gross profit of $8.7 billion. The company credited “healthy volume growth, global premiumization and revenue management initiatives” for its increased revenue worldwide.

Last Call: President Trump to Impose New Tariffs on Mexico; North Coast Co-Founder Retires

Last Call: President Trump to Impose New Tariffs on Mexico; North Coast Co-Founder Retires

In this week’s edition of Last Call: Nearly two weeks after lifting aluminum and steel tariffs imposed against Mexico and Canada, President Donald Trump has reversed course and announced plans to levy a 5 percent duty on all goods from Mexico over immigration — bringing the issue back into the taproom. Plus, North Coast co-founder Mark Ruedrich announces his retirement.

MillerCoors Awarded Partial Preliminary Injunction in Battle Over Corn Syrup Ads

MillerCoors Awarded Partial Preliminary Injunction in Battle Over Corn Syrup Ads

Following a federal judge’s ruling Friday evening, Anheuser-Busch InBev will be required to pull some Bud Light advertisements that suggest MillerCoors’ flagship light lagers, Miller Lite and Coors Light, contain corn syrup. Western District of Wisconsin Judge William Conley granted MillerCoors a “narrow in scope” preliminary injunction, blocking A-B from displaying billboards that say Bud Light contains “100% less corn syrup” than its rival’s lagers, as well as broadcasting a pair of television ads that he deemed “misleading.” The judge also denied A-B’s motion to dismiss the case.

Anheuser-Busch InBev Worldwide Revenues Grow Despite Declines in US

Anheuser-Busch InBev Worldwide Revenues Grow Despite Declines in US

Anheuser-Busch InBev today reported global revenue growth of 5.9 percent in the first quarter of 2019, despite continued declines of its two biggest brands in the U.S. A-B, the world’s largest beer manufacturer, recorded global revenue growth of nearly $12.6 billion during the quarter, and a gross profit of more than $7.7 billion, as its worldwide volume increased 1.3 percent. The company’s revenue per hectoliter also grew 4.6 percent during the period.

MillerCoors Sues Anheuser-Busch Over Corn Syrup Ads

MillerCoors Sues Anheuser-Busch Over Corn Syrup Ads

Big beer’s “corntroversy” is moving from television screens to the courtroom. MillerCoors today filed a lawsuit in the U.S. District Court for the Western District of Wisconsin that claims Anheuser-Busch’s Bud Light Super Bowl ads and its subsequent “transparency” ads are part of a “false and misleading advertising campaign” aimed at deceiving health-conscious consumers.