SAB Miller to buy Foster's beer group

21 September, 2011

SAB Miller has agreed to buy Australia’s Foster's beer business in a deal which values the company at A$11.5 billion.

The deal gives SAB Miller a leading position in the Australian beer industry including the VB and Carlton brands.

SAB Miller chief executive Graham Mackay said: "We are pleased that we have reached agreement on a recommended transaction to be put to Foster's shareholders.

"Foster's will become an important part of our business, and through the application of our commercial capabilities and global scale, we expect to build on the initiatives that Foster's management has put in place, further enhancing Foster's performance and creating value for our shareholders.

“We look forward to working with Foster's employees and other stakeholders to ensure the success of Foster's in the future as the largest brewer in Australia with an outstanding portfolio of brands."

The Foster’s-owned brands join a SAB Miller stable that includes Dutch lager Grolsch, Pilsner Urquell of the Czech Republic and Italy’s Peroni.




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Rosé tinted glasses

I was asked recently what I thought the biggest change had been in wine fashion in the past five years. My answer was unequivocal: sales of pink wines. From being a niche that expanded and contracted with the sunshine, rosé has subtly but steadily become a stalwart of many merchants’ ranges, with Provence firmly at the top and asked for by name.

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