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AB InBev buys back $3B stake in US metal container plants
Yahoo Finance· 2026-01-06 15:02
Group 1 - AB InBev is set to buy back a 49.9% stake in its U.S. metal container plants for approximately $3 billion from institutional investors led by Apollo Global Management, with the deal expected to close in the first quarter [4][7]. - The reacquisition aligns with AB InBev's strategy to enhance its manufacturing capabilities and secure supply, especially as it expands into can-focused beverages beyond beer, such as energy drinks [4][7]. - The metal container operations consist of seven facilities across six states, which are deemed a strategic component for ensuring quality, cost efficiency, speed of innovation, and supply security for AB InBev's brands [7]. Group 2 - In 2026, AB InBev plans to fully reacquire the container business, following its initial sale aimed at reducing debt and expanding its portfolio, including its beyond beer business [3][4]. - The company has committed $300 million to boost domestic manufacturing and has recently invested $7.4 million in upgrading packaging and brewing equipment in Los Angeles, with similar projects planned in St. Louis and Baldwinsville, New York [5]. - The strategy also involves consolidating operations by shutting down certain breweries, including facilities in California and New Hampshire [5].