Interbrew
{{Short description|Subsidiary of Anheuser-Busch InBev}}
{{Infobox company
| name = Interbrew
| logo =
| image = Breda Interbrew.jpg
| image_size =
| image_alt =
| image_caption = Interbrew's headquarters in Breda
| type = Subsidiary
| industry = Beverage
| fate =
| predecessors = Brouwerij Artois
Piedboeuf
| successor =
| founded = {{Start date and age|1988}}
| founder =
| defunct =
| hq_location_city = Breda, North Brabant
| hq_location_country = the Netherlands
| area_served =
| key_people =
| products =
| owner =
| num_employees =
| num_employees_year =
| subsid = AmBev
| parent =
| website =
}}
Interbrew is subsidiary of Anheuser-Busch InBev SA/NV is based in Breda, Netherlands.{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=8125933 |title=Company Overview of Interbrew International B.V. |author= |date=2016 |website=Bloomberg Research |publisher=Bloomberg |access-date=5 February 2017}} It has one subsidiary, Ambev S.A. of São Paulo, Brazil.{{cite web |url=http://www.sharemarketupdates.com/cg-stocks-analysis-ambev-sa-abev-procter-gamble-co-pg/ |title=Johnson |last=Johnson |first=Steve |date=26 October 2016 |website=Share Market Updates |publisher=Share Market Updates |access-date=5 February 2017 |archive-url=https://web.archive.org/web/20170206104217/http://www.sharemarketupdates.com/cg-stocks-analysis-ambev-sa-abev-procter-gamble-co-pg/ |archive-date=6 February 2017 |url-status=dead }}
Brands
Interbrew brands have historically included Budweiser, Stella Artois,{{Cite news|last=Rossingh|first=Danielle|date=2004-03-04|title=Interbrew and AmBev merge to create biggest brewer|journal=The Daily Telegraph |language=en-GB|url=https://www.telegraph.co.uk/finance/2878842/Interbrew-and-AmBev-merge-to-create-biggest-brewer.html|access-date=2020-06-08|issn=0307-1235}}{{Cite news|last=Tran|first=Mark|date=2004-03-03|title=Interbrew moves to merge with AmBev|language=en-GB|work=The Guardian|url=https://www.theguardian.com/business/2004/mar/03/money|access-date=2020-06-08|issn=0261-3077}} Boddingtons, Beck's, Staropramen, Bass and Leffe, although many have spun off to their own companies including Bass, which is now owned by Molson Coors.
History
Having its roots in Leuven(Belgium), Interbrew was formed in 1987 when Brouwerij Artois, the Flemish brewers of Stella Artois (established before 1366) merged with Walloon-based brewer Piedboeuf.{{Cite news|last=Farrell|first=Sean|date=2015-10-09|title=The Megabrew takeover – a tale of beers, billions and blue bloods|language=en-GB|work=The Guardian|url=https://www.theguardian.com/business/2015/oct/09/megabrew-takeover-beers-billions-blue-bloods-ab-inbev-sabmiller|access-date=2020-04-30|issn=0261-3077}} International expansion began when Interbrew acquired the notable Canadian brand Labatt.{{Cite news|last=Farnsworth|first=Clyde H.|date=1995-06-07|title=INTERNATIONAL BUSINESS; Labatt Accepts $2.9 Billion Bid From Large Brewer in Belgium|language=en-US|work=The New York Times|url=https://www.nytimes.com/1995/06/07/business/international-business-labatt-accepts-2.9-billion-bid-large-brewer-belgium.html|access-date=2020-04-30|issn=0362-4331}} The transaction also included Labatt's assets, which included the Toronto Blue Jays baseball club, the Toronto Argonauts football club, and The Sports Network (the latter being immediately resold to NetStar Communications due to Canadian media ownership regulations).{{Cite web|title=Labatt pours off broadcast business|url=https://variety.com/1995/tv/features/labatt-pours-off-broadcast-business-99129440/|last=Enchin|first=Harvey|date=1995-07-24|website=Variety|language=en|access-date=2020-04-30}}
In 2000, Interbrew acquired Bass and Whitbread in the UK.{{Cite news|last1=Carreyrou|first1=John|last2=BeckStaff|first2=Ernest|date=2000-06-15|title=Interbrew to Buy Bass Operations, Creating the World's No. 2 Brewer|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/SB960982909300652138|access-date=2020-08-07|issn=0099-9660}} In December 2000, the company issued an IPO.{{Cite news|date=2000-12-04|title=Belgian Interbrew's IPO Is Neither Flat, Nor Frothy|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/SB975668821870480268|access-date=2020-08-07|issn=0099-9660}}
In 2001, the company entered Germany with the acquisition of Diebels{{Cite news|last=Bilefsky|first=Dan|date=2001-07-30|title=Interbrew Takes 80% Stake in Diebels, Breaking Into Germany's Beer Market|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/SB996429567508615643|access-date=2020-08-07|issn=0099-9660}} and also acquired Beck's & Co. that year.{{Cite news|last=Bilefsky|first=Dan|date=2001-08-07|title=Interbrew to Buy Beck's Brewer In Bid to Dominate Beer Market|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/SB997086207628157751|access-date=2020-08-07|issn=0099-9660}}
In 2004, Interbrew merged with Brazilian brewer AmBev to form InBev, becoming the largest brewer in the world by volume, with approximately 14% global market share. Before the merger with AmBev, Interbrew was the third largest in the world by volume, and AmBev was the fifth largest. In 2008, InBev further merged with American brewer Anheuser-Busch to form Anheuser-Busch InBev (abbreviated AB InBev). Interbrew became a division of Anheuser-Busch InBev SA/NV after the latter acquired SABMiller in October 2016.{{cite news|last=Brown|first=Lisa|date=October 11, 2016|title=A-B InBev finalizes $100B billion acquisition of SABMiller, creating world's largest beer company|newspaper=Chicago Tribune|location=Chicago|url=http://www.chicagotribune.com/business/ct-megabrew-ab-inbev-sabmiller-merger-20161010-story.html|access-date=January 29, 2017}}
See also
{{Portal|Beer|Companies|Drink}}
References
{{Reflist}}
External links
- [https://web.archive.org/web/20030529071735/http://www.interbrew.com/ Main page of the company]
- [http://www.beveragedaily.com/news/ng.asp?id=50355-interbrew-buys-ambev Interbrew buys AmBev and becomes world number one]
{{Anheuser-Busch InBev}}
Category:Breweries of Flanders
Category:Companies based in Leuven
Category:Defunct food and drink companies of Belgium