Ambev

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Ambev S.A.
Company typeCorporation and Incorporation.
IndustryBeverage
PredecessorCompanhia Cervejaria Brahma, Companhia Antarctica Paulista
Founded1999; 25 years ago (1999)
FateMerged to form and Owner of AB InBev in 2008
Headquarters
São Paulo
,
Brazil
Area served
Brazil, Latin America, Canada[1][2]
Key people
Jean Jereissati (Chairman & CEO)
ProductsBeers and soft drinks
RevenueIncrease US$ 15.2  billion (2022)[3]
Increase US$ 2.8 billion (2022 )[3]
Number of employees
41,000+[4]
ParentAB InBev
Website[1]

Ambev, formally Companhia de Bebidas das Américas and Companhia Brasileira de Bebidas, is a Brazilian brewing company now merged into Anheuser-Busch InBev. Its name translates to "Americas' Beverage Company", hence the "Ambev" abbreviation. It was created on July 1, 1999, with the merger of two breweries, Brahma and Antarctica. The merger was approved by the board of directors of the Brazilian Administrative Council for Economic Defense (CADE) on March 30, 2000. The organization's headquarters are in São Paulo, Brazil. It is one of the largest companies by market capitalization in Brazil and in the Southern hemisphere.

Overview

Ambev operates in 18 countries in the Americas[2] and its products include beers such as Antarctica, Bogotá Beer Company, Brahma, Bohemia, Stella Artois and soft drinks like Guaraná Antarctica, Soda Antarctica, Sukita and the innovations H2OH! and Guarah. The second largest PepsiCo bottler outside the United States, it sells and distributes PepsiCo products in Brazil and other Latin American countries, includes Pepsi, Lipton Ice Tea and Gatorade by franchise agreement. According to an analyst at "Share Market Updates" in October 2016, the company operated through Latin America North, Latin America South, and Canada segments.

In 2004, Ambev merged with Belgian company Interbrew to form InBev. In 2008, InBev acquired the American company Anheuser-Busch to form Anheuser-Busch InBev.[5] Ambev S.A. is currently a subsidiary of Interbrew International B.V., which is in turn a subsidiary of Anheuser-Busch InBev SA/NV.[6]

See also

References

  1. ^ "South American Beverage Company". Nasdaq. Retrieved 2022-04-05.
  2. ^ a b "Where we operate". Ambev IR. Retrieved June 16, 2022.
  3. ^ a b "2021 FY Report". Ambev IR. February 2, 2022. Retrieved June 16, 2022.
  4. ^ "2021 Annual and ESG Report" (PDF). Ambev IR. May 4, 2022. Archived from the original (PDF) on May 21, 2022. Retrieved June 16, 2022.
  5. ^ "Company Information". Anheuser-Busch InBev. Retrieved 20 May 2015.
  6. ^ Johnson, Steve (26 October 2016). "Johnson". Share Market Updates. Archived from the original on 2017-02-06. Retrieved 5 February 2017.
  7. ^ Ambev - Companhia de Bebidas das Américas Archived 2008-04-27 at the Wayback Machine


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