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SABMiller PLC (SAB)

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Tuesday 08 July, 2008

SABMiller PLC

Grolsch US importation rights

RNS Number : 5408Y
SABMiller PLC
08 July 2008
 




8 July 2008


 

SABMiller plc completes acquisition of US importation rights for Grolsch

 

SABMiller plc announces that it has concluded an agreement with Anheuser-Busch Inc. to transfer the US importation rights for the Grolsch brand to its US joint venture, MillerCoors. The transfer will be effective from 1 August 2008 and in addition to Grolsch Premium Lager, the deal also incorporates the entire Grolsch portfolio, including Grolsch Amber Ale, Grolsch Light Lager and Grolsch Blonde Lager.


In 2007, Grolsch imports into the US grew to approximately 215,000 hectolitres. Imported beers have grown at nearly 10% p.a. for the last three years and now make up 15% of the US beer market. (1) 


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(1) Canadean Wisdom database 



About SABMiller plc

SABMiller plc is one of the world's largest brewers with brewing interests or distribution agreements in over 60 countries across six continents. The group's brands include premium international beers such as Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands.  Outside the USA, SABMiller plc is also one of the largest bottlers of Coca-Cola products in the world.


 

In the year ended 31 March 2008, the group reported US$3,639 million adjusted pre-tax profit and revenue of US$21,410 million. SABMiller plc is listed on the London and Johannesburg stock exchanges. 


This announcement is available on the company website: www.sabmiller.com


High resolution images are available for the media to view and download free of charge from www.sabmiller.com  or www.newscast.co.uk


  

Enquiries:






SABMiller plc 

Tel: +44 20 7659 0100




Sue Clark

Director of Corporate Affairs

Tel: +44 20 7659 0184




Gary Leibowitz

Senior Vice President, Investor Relations

Tel: +44 20 7659 0174




Nigel Fairbrass

Head of Media Relations

Tel: +44 7799 894 265





This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of SABMiller plc (the 'Company') or any of its affiliates in any jurisdiction or an inducement to enter into investment activity.

This document includes 'forward-looking statements'. These statements may contain the words 'anticipate', 'believe', 'intend', 'estimate', 'expect' and words of similar meaning. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Any information contained in this announcement on the price at which the Company's securities have been bought or sold in the past, or on the yield on such securities, should not be relied upon as a guide to future performance.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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