Anheuser-Busch InBev SA/NV
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Acquisitions
4
Total Acquisitions
$172.5B
Disclosed Deal Value
2026
$490M
Anheuser-Busch acquired a 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. To combat the secular decline of mainstream lagers in mature markets, the company has increasingly focused its business model on 'premiumization'—driving volume and margin growth through higher-priced global brands like Stella Artois and Corona. AB InBev is diversifying its portfolio into the 'Beyond Beer' category, capturing new consumer occasions with ready-to-drink cocktails, hard seltzers, and no-alcohol alternatives. Crucially, the business model is no longer reliant solely on physical distribution; the company has monetized its route-to-market through the BEES digital B2B platform. By digitizing the ordering process for millions of retailers globally, AB InBev has created a powerful, data-rich ecosystem that improves sales efficiency, enables targeted promotions, and generates new digital revenue streams, shifting the company from a traditional manufacturer to a modern, digitally integrated consumer goods platform. Anheuser-Busch Companies, LLC ( AN-hy-zər BUUSH) is a Belgian-American brewing company headquartered in St. Louis, Missouri. Since 2008, following the hostile takeover by AB Inbev of Belgium, it has been wholly owned by Anheuser-Busch InBev SA/NV (AB InBev), the world's largest brewing company, which owns global brands such as Budweiser, Michelob, Stella Artois, and Beck's.
Anheuser-Busch InBev SA/NV has completed approximately 4 corporate acquisitions on record.
When evaluating M&A targets, Anheuser-Busch InBev SA/NV prioritizes complementary technology, specialized engineering talent, and immediate synergies that support workflow automation.
Acquisitions enable Anheuser-Busch InBev SA/NV to absorb critical capabilities faster than building in-house, accelerating its time-to-market across Beverage Brewing and Distribution.