Anheuser-Busch InBev SA/NV
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Acquisitions
4
Total Acquisitions
$172.5B
Disclosed Deal Value
2026
$490M
Anheuser-Busch acquired an 85% stake in BeatBox to expand in ready-to-drink and Beyond Beer occasions.
The deal adds a fast-growing RTD brand with younger legal-age consumer appeal to AB InBev's U.S. portfolio.
BeatBox gives AB InBev another growth vector beyond traditional beer and helps support portfolio diversification.
2016
$100.0B
AB InBev acquired SABMiller to expand in Africa, Latin America, and other global beer markets.
The deal increased AB InBev's global footprint but also added debt and required antitrust divestitures.
SABMiller expanded AB InBev's reach, while deleveraging became a major strategic priority after the transaction.
2013
$20.0B
AB InBev acquired Grupo Modelo to deepen its exposure to Corona, Modelo, and Mexican beer brands, while divesting U.S. rights to satisfy regulators.
The deal strengthened AB InBev's global premium beer portfolio even though U.S. Modelo rights were separated.
Corona and related brands remain central to AB InBev's global premiumization strategy.
2008
$52.0B
InBev acquired Anheuser-Busch to create a global brewer with Budweiser, a major U.S. operating base, and much greater brand scale.
The deal created modern Anheuser-Busch InBev and gave the company a much larger North American platform.
The acquisition became the foundation for AB InBev's modern global scale and later shaped the company's cost and brand management culture.
AB InBev's growth strategy centers on premiumization, beer category expansion, no-alcohol beer, Beyond Beer, BEES, direct-to-consumer delivery, and disciplined capital allocation. The company is using megabrands such as Corona, Stella Artois, Budweiser, and Michelob Ultra to raise revenue per hectoliter while using BEES to deepen retailer relationships and improve execution in both developed and emerging markets.
AB InBev makes money by selling beer and beverages through wholesalers, retailers, bars, restaurants, stadiums, supermarkets, convenience stores, and digital platforms. The model depends on volume, revenue per hectoliter, premium mix, procurement scale, efficient breweries, and marketing around global brands such as Budweiser, Corona, Stella Artois, and Michelob Ultra. BEES strengthens the route to market by digitizing retailer ordering and capturing demand data, while direct-to-consumer platforms and Beyond Beer products add growth outside traditional lager occasions.
AB InBev's biggest deals include the 2008 Anheuser-Busch acquisition, the 2013 Grupo Modelo transaction, and the 2016 SABMiller acquisition.
AB InBev's SABMiller acquisition was valued at more than $100 billion and required major antitrust divestitures in several markets.
The Anheuser-Busch acquisition gave InBev Budweiser, a major U.S. business, and the platform that created modern Anheuser-Busch InBev.
Anheuser-Busch completed the acquisition of an 85% stake in BeatBox in 2026, expanding AB InBev's ready-to-drink and Beyond Beer portfolio.
AB InBev uses acquisitions to gain brands, markets, brewing capacity, distribution scale, premium categories, and faster access to changing consumer occasions.
Large acquisitions can add debt, integration complexity, antitrust divestitures, brand overlap, and execution risk if volumes or consumer demand weaken.