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Johannesburg - Global brewing giant SABMiller [JSE:SAB] announced on Wednesday that it has acquired Cerveceria Argentina SA Isenbeck, the third-largest brewer in Argentina, from the Warsteiner Group.
Casa Isenbeck's principal brands are Isenbeck and Warsteiner, with total sales volumes in 2009 of about 600 000hl. Its brewery is located in Zarate, near Buenos Aires, and has a total capacity of 1.2 million hl.
Casa Isenbeck will continue to produce and distribute the Warsteiner brand under a long-term licence agreement. Casa Isenbeck has gross assets of $24.7m.
Barry Smith, head of SABMiller Latin America, said: "We are pleased to have added Casa Isenbeck to our Latin American footprint, giving us exposure to the fast-growing and attractive Argentinian beer market and complementing our existing Latin American operations."
SABMiller has brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the world's largest bottlers of Coca-Cola products.
Casa Isenbeck's principal brands are Isenbeck and Warsteiner, with total sales volumes in 2009 of about 600 000hl. Its brewery is located in Zarate, near Buenos Aires, and has a total capacity of 1.2 million hl.
Casa Isenbeck will continue to produce and distribute the Warsteiner brand under a long-term licence agreement. Casa Isenbeck has gross assets of $24.7m.
Barry Smith, head of SABMiller Latin America, said: "We are pleased to have added Casa Isenbeck to our Latin American footprint, giving us exposure to the fast-growing and attractive Argentinian beer market and complementing our existing Latin American operations."
SABMiller has brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the world's largest bottlers of Coca-Cola products.
