Less than a month into 2014, big beverage companies have already spent almost three times as much buying competitors as they did all last year. As companies hone their focus on Asia, analysts see more in the pipeline.
Carlsberg A/S, Russia’s biggest brewer, may raise its profit forecast for the year, according to Nomura analysts, who said an improvement in SABMiller Plc’s second-quarter sales in the country indicates a market recovery.
Heineken NV, the world’s third- biggest brewer, offered as much as $6 billion for full control of Asia Pacific Breweries Ltd. to prevent one of Thailand’s richest men from muscling in on a vital emerging-market asset.
Carlsberg AS , the maker of Baltika beer, is confident of growing market share in Russia as it bets on a recovery in 2011 whilst preparing to raise beer prices in the face of rising costs and a tax increase.
SABMiller Plc said Alan Clark will succeed Graham Mackay as chief executive officer earlier than planned after the man who led the company to become the world’s second-biggest brewer was diagnosed with a brain tumor.
Global brewers, after spending $195 billion on acquisitions in the last decade, may slow the pace of deals in 2012 as beermakers struggle to maintain profit growth amid rising costs and weaker demand in the U.S. and Europe.