Anheuser-Busch has struck again. Less than one month after it announced the acquisition of four wholesalers in Colorado, the world’s largest beer company today announced another set of distributor transactions in California.
In a statement, Bob Tallett, A-B InBev’s vice president of business and wholesaler development, said the company has agreed to acquire a stake in the Oakland, Calif.-based Horizon Beverage Company. In a second transaction, A-B will repurchase its brand rights from M.E. Fox & Company Inc., a beer and non-alcoholic beverage distributor based in San Jose, Calif.
Financial terms of the two transactions, which are set to close in November, were not disclosed.
“Both distributors have well-run, successful operations in California, which is a high-priority market for us,” Tallett said in a statement. “When we learned of their openness to selling, we recognized these transactions align with our emphasis on urban markets.”… CLICK HERE TO READ FULL STORY AT BREWHOUND
