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Thread: There Goes Another

  1. #1
    Join Date
    Sep 2002
    Posts
    1,566

    There Goes Another

    Australia's iconic Foster's, like many of its counterparts around the globe, is set to become foreign owned.

    In a long expected move, the Melbourne-based brewer, whose origins date back to the 1850s, will be sold to the British-based multinational SABMiller in a deal worth over $12.

    After a sometimes heated four-month takeover battle, the Foster's board has agreed to sell the business - which owns VB, Australia's biggest-selling beer, and other popular brands such as Crown, Cascade and Carlton Draught - to Anglo-South African brewer SABMiller.

    But SABMiller made no promises to maintain Foster's headquarters in Melbourne or its Abbotsford plant, which has been making beer for more than 100 years.

  2. #2
    Join Date
    Mar 2006
    Location
    Hardy, VA
    Posts
    151
    Can't blame them. Seem to be quite a deal at $12

  3. #3
    Join Date
    Dec 2008
    Location
    Williamsburg, Va
    Posts
    133
    Damn. I only offered $10.

  4. #4
    Join Date
    Aug 2006
    Location
    Arvada, CO
    Posts
    30

    Global Already

    Foster's was managed as a Global brand already. Outside of AUS it is primarily brewed under license. Usually by an SABMiller brewery, but not always. In the US, it's all brewed in Ft. Worth, TX. Which is sort of like the Australian outback, but with bigger highways.

  5. #5
    Join Date
    Dec 2011
    Posts
    2
    Damn you Ebay!

    I bid at $11.99.

  6. #6
    Join Date
    Oct 2009
    Posts
    10

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