AmBev, or the American Beverage Company, is the largest drinks business in Latin America, and the local arm of global brewing giant AB InBev, controlled via a 72% shareholding. (The remaining shares are publicly quoted). It dominates the Brazilian market with around 66% share. Its single biggest brand by volumes is Skol, produced under long-term license from Carlsberg. It is the country's #1 beer with close to 33% share. Brahma is the country's #2 brand, followed by Antarctica. AmBev is also the country's #2 soft drinks company. Its brands include Antarctica Guarana, the #2 soft drink in Brazil after Coke, local PepsiCo brands under license and local products including fruit-flavoured Sukita and H2OH flavoured water. AmBev also has an extensive footprint across most other Latin markets. Subsidiary Quilmes Industrial SA, known as Quinsa, has a virtual monopoly of the beer market in Bolivia, Paraguay and Uruguay, and a dominant 76% share in Argentina. AmBev is also active in Venezuela, Guatemala, Chile, Peru and Ecuador. The group was formed in 1999 from the merger of Antarctica Paulista and Companhia Cervejaria Brahma, long-established rivals in the Brazilian beer industry for more than 100 years. In 2004 the company, then an independent business controlled by investors Jorge Paulo Lemann, Marcel Herrmann Telles and Carlos Sicupira , agreed terms for a reverse takeover of Belgian group Interbrew, to create InBev. That deal extended AmBev's presence into North America for the first time, with the absorption of Canadian brewer Labatt. AmBev was already on friendly terms with North America's reigning brewery giant Anheuser-Busch. That relationship got very much closer at the end of 2008 following completion of Anheuser's acquisition by InBev. Former Antarctica CEO Victorio De Marchi and AB InBev CEO Carlos Brito are co-chairmen of AmBev, with Bernardo Pinto Paiva as CEO. Revenues were around $13bn in 2016. Adbrands does not currently offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.
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Who are the competitors of AmBev? AmBev's two main competitors in Brazilian beer are Heineken (18% share) and Petropolis (14%). Its main rival in soft drinks is Coca-Cola with 61% share in 2016 (to AmBev's 19%). See Beer and Non Alcoholic Beverages Sector index for other companies.
Capsule checked 16th January 2018
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