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SABMiller () is the second largest brewery company in the world by volume, after InBev. The company was formed in 2002 by the merger of South African Breweries and Miller Brewing.
As brewing is an industry with very large returns to scale, most markets have a profitable dominant brewer, a few marginally profitable secondary brewers, and imports from the dominant brewers in other areas. SABMiller's areas of dominance are Africa, North America and Eastern Europe. However, the company is headquartered in London, where it has a comparatively small market share and does not brew any of its own beers. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index.
In July 2005, SABMiller announced that it had agreed to acquire Bavaria S.A., a Colombian brewer with a dominant market position in its home country, Peru, Ecuador and Panama. It is the second largest brewer in South America overall with 2004 revenues of over States dollar|$" target="_blank" >*2 billion. Bavaria was 70% owned by the Santo Domingo family, which exchanged its holding for new shares in SABMiller, giving it a stake of between 15% and 20%, and making it the second largest shareholder. The value of the stake has been reported by The New York Times to be States dollar|$" target="_blank" >*3.8 billion, though this fluctuates from day to day according to SABMiller's share price. SABMiller also assumed 4.9 billion Colombian pesos (approximately $2.2 billion) of debt.
Ownership
The company's largest shareholder is Altria Group, which used to own Miller Brewing.
Brands
SABMiller's biggest brands include:
- Castle Lager
- Miller Genuine Draft
- Miller High Life
- Miller Lite
- Pilsner Urquell (via brewer Plzeňský Prazdroj, a. s.)
- Ursus
- Tyskie, Żubr and Lech - top 3 brands in Poland
- Bavaria S.A.
Management
- Chairman: Meyer Kahn
- CEO: Ernest A. (Graham) Mackay
- CFO: Malcolm I. Wyman
External links
- Official site
- 18 November 2004 - Interim results (presentation) (video)
- Yahoo! - SABMiller plc Company Profile
Altria Group subsidiaries | Breweries and beverage companies of the United Kingdom | Companies based in London | Companies of South Africa
"SABMiller"