Pursuits
No Deals Brewing for Beermakers After $195 Billion Buying Spree
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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.
The two biggest companies to emerge from the spree, Budweiser owner Anheuser-Busch InBev NV and SABMiller Plc, are best positioned to profit with a presence spread over Africa, Asia and Latin America, while smaller rivals Carlsberg A/S and Heineken NV may suffer from their higher exposure to Europe.