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02.2010

Massachusetts Beverage Business

archivedOnBeerReport

A MAJOR DEAL BREWING

In a move to expand it operations in the Western Hemisphere, Dutch brewer Heineken has announced plans to buy the beer operations of Mexico’s Fomento Económico Mexicano (FEMSA) for about $7.6 billion. The deal will give Heineken control of FEMSA’s key export brands, including Dos Equis, Tecate and Sol. The companies said the all-stock deal includes about $2.1 billion in debt and pension obligations. Under the terms of the deal, FEMSA will gain a 2O% [...] Read More »

BEER IMPORTS TAKE A TUMBLE

It wasn’t a very merry end of the year for the beer import industry. According to the Beer Institute, import shipments were down another 12.7% in October, bringing YTD import shipments down 9.1%. That’s after a promising September, which was down only 1%. Dutch imports were down 18.4%, in line with YTD and highlighting a poor year for most European import shipments. UK and Ireland were down 15% and 35%, respectively, and Belgian imports dipped [...] Read More »

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