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Ambev history
Ambev company history timeline
1999: Brahma and Antarctica agree to merge to form a dominant Brazilian beverage group.
Uruguay remained an AmBev target in 2001, when it bought nearly 100 percent control of Cervecería y Malteria Paysandú. That company added such brands as Norteña and Prinz, boosting AmBev's share of the market to 45 percent, as well as malting facilities and mineral water bottling operations.
2001: The company acquires Cerveceria y Malteria Paysandu, in Uruguay, gaining 45 percent of that market; Cerveceria Internacional in Paraguay is acquired.
By May 2002, however, AmBev had succeeded in wearing Quilmes down, as the two sides agreed to integrate aspects of their operations in Argentina.
Nonetheless, international beer sales made up only 5 percent of the company's total sales, which topped R 7.3 billion ($2.5 billion) in 2002.
Founded in 2002, Mill Street is an award winning craft brewery and the largest producer of certified organic beer in Canada, with key brands such as Mill Street Original Organic Lager, 100th Meridian Amber Lager, Tankhouse Ale and Cobblestone Stout.
In 2003, after the creation of Ambev, the Company accelerated its expansion outside Brazil through a business combination with Quinsa, establishing a leading presence in the beer markets of Argentina, Bolivia, Paraguay and Uruguay.
InBev—which was founded through the merger (2004) of the Brazilian Companhia de Bebidas das Américas (AmBev) and the Belgian Interbrew SA—was an international brewer that produced more than 200 brands of beer, notably Stella Artois, Bass, and Hoegaarden.
Ambev then started a beer business in 2005 after the construction of a brewery.
Upon the closing of the transaction, which took place on August 8, 2006, Ambev’s equity interest in Quinsa increased to approximately 91% of its total share capital.
The CNDC formally approved the fulfillment of the conditions set forth above in December 2006.
The sale of the brands and the plant was concluded in December 2006.
On April 17, 2007, Ambev closed the acquisition of 100% of Goldensand – Comércio e Serviços Lda. (“Goldensand”), the controlling shareholder of Cervejarias Cintra Indústria e Comércio Ltda. (“Cintra”), a local brewer with presence in the Southeast of Brazil.
On July 28, 2008, CADE decided that all obligations under the agreement had been considered fulfilled.
The Competition Bureau concluded in January 2009 that there was insufficient evidence to establish that the transaction was likely to substantially lessen or prevent competition.
In March 2009, Quinsa acquired from SAB Miller plc, 100% of the share capital of Bebidas y Aguas Gaseosas Occidente S.R.L., becoming the exclusive bottler of Pepsi in Bolivia.
In October 2009, the Company through its subsidiary Monthiers S.A., increased its equity in Ambev Peru from 85.62% to 100%.
In October 2010, Ambev effected a business combination with Cervecería Regional aimed at creating a stronger and more dynamic competitor in Venezuela, South America’s second largest beer market.
In May 2012, Ambev and E. León Jimenes S.A. (“ELJ”) completed a transaction to form a strategic alliance to create the leading beverage company in the Caribbean.
Also in March 2015, Ambev and Whirlpool created B.Blend, a joint venture to develop and commercialize the first all-in-one capsule-based beverage machine.
In October 2015, Labatt Brewing Company Limited (“Labatt”), one of our subsidiaries, purchased the Mill Street Brewery, a craft brewer based in Toronto, with a portfolio of 70 unique and innovative beers.
Anheuser-Busch InBev completed the acquisition—valued at more than $100 billion—in October 2016.
In December 2017, E. León Jimenes, S.A. (ELJ), partially exercised, in accordance with the shareholders’ agreement of Tenedora, its put option in connection with shares representing 30% of Tenedora’s capital stock.
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Ambev competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| PepsiCo | 1898 | $91.9B | 267,000 | 633 |
| Cervecería Nacional Dominicana | 1929 | $240.0M | 2,500 | - |
| Morinda, Inc. | 1996 | $500.0M | 700 | - |
| IKEA North America Services, LLC | 1985 | $79.0M | 350 | 117 |
| IPPOLITA | 1999 | $12.0M | 63 | - |
| Amer Sports | 1989 | $2.8B | 8,617 | 76 |
| Robert Talbott | 1950 | $3.8M | 33 | - |
| APMEX | 1999 | $396.0M | 40 | - |
| Curtis Circulation Company | 1946 | $91.5M | 81 | - |
| General Cigar Holdings | 1892 | - | 4,000 | - |
Ambev history FAQs
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