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Diving overview:
- AB InBev buy back a minority stake The company said Tuesday it has invested about $3 billion in its U.S. metal container plants.
- The Bud Light maker is reacquiring a 49.9% stake at approximately the same price from a group of institutional investors led by Apollo Global Management. the company sold it The transaction is expected to be completed in the first quarter.
- The metal container plant’s operations include seven facilities across six states. AB InBev said the facility is a “strategic component of our business, ensuring quality, cost-effectiveness, speed of innovation and security of supply” for the brand.
Dive Insights:
When AB InBev sold a minority stake in the metal container plant, the beer giant said it would have the right to buy back the stake on the fifth anniversary of the deal.
At the time of the initial transaction, AB InBev planned to use the sale proceeds to reduce debt and build out its portfolio, including its Beyond beer business.
Now, in 2026, the maker of Michelob Ultra plans to buy back the remainder of its container business as it invests hundreds of millions of dollars in its U.S. manufacturing operations and works to expand new brands, such as the recently launched one. form energy
As metal tariffs increase costs and create headwinds for beverage companies, it may be advantageous to acquire the entire operations of a metal can business. And as AB InBev expands into can-centric beverages beyond beer, such as energy drinks, full ownership could further help secure supply.
An AB InBev spokesperson declined to comment following the press release.
Last year, AB InBev $300 million promise This is to revitalize domestic manufacturing. It recently spent $7.4 million upgrading its packaging and brewing equipment. los angelesThe company has announced a similar project. st louis and Baldwinsville, New York.
But the plan also included: brewery closure Consolidates operations, including facilities in California and New Hampshire.
