Justice Department Reaches Settlement with Anheuser-Busch InBev and Grupo Modelo in Beer Case
Divestitures of Piedras Negras Brewery, Perpetual Licenses to Modelo Beer Brands, and Other Assets Will Maintain Competition in the Beer Industry Nationwide
Friday, April 19, 2013
WASHINGTON – The Department of Justice announced today that it has reached a settlement with Anheuser-Busch InBev SA/NV (ABI) and Grupo Modelo S.A.B. de C.V. that requires the companies to divest Modelo’s entire U.S. business – including licenses of Modelo brand beers, its most advanced brewery, Piedras Negras, its interest in Crown Imports LLC and other assets – to Constellation Brands Inc., in order to go forward with their merger. The department said the proposed settlement will maintain competition in the beer industry nationwide, benefitting consumers.
-Excerpt.
That was in 2013 … did A/B buy them back in another merger?
Good to know. So the AB wokies aren’t making any money off of Modelo?
I have a good friend who will be very happy to hear that it it’s true, because he really likes Modelo and has been boycotting it.