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SABMiller buys Argentine brewer
"We are pleased to have added CASA Isenbeck to our Latin American footprint, giving us exposure to the fast-growing and attractive Argentinean beer market and complementing our existing Latin American operations," SABMiller Latin America president Barry Smith said in a group statement.
CASA Isenbeck, which is Argentina's third largest brewer, is known for beer brands Isenbeck and Warsteiner. CASA Isenbeck will continue to produce and distribute the Warsteiner brand under a long-term licence deal, SABMiller said.
SABMiller brands include Grolsch, Peroni Nastro Azzurro and Pilsner Urquell beers. It is the world's second-biggest brewer by volume after Anheuser-Busch Inbev.
Source: I-Net Bridge
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