Anheuser-Busch InBev Completes Sale of Grupo Modelo's U.S. Business

10 Jun 2013 --- Anheuser-Busch InBev announced that it has successfully completed the sale of Grupo Modelo's U.S. business to Constellation Brands, Inc.

The transaction includes the sale of Grupo Modelo's Piedras Negras brewery, Grupo Modelo's 50% stake in Crown Imports and perpetual rights to Grupo Modelo's brands distributed by Crown in the U.S. Constellation will now be an independent brewer and marketer of beer in the U.S.

AB InBev and Constellation have established a three-year transition services agreement to ensure the smooth transition of the operation of the Piedras Negras brewery. During this timeframe, Constellation has committed to invest approximately USD 500-600 million to expand the Piedras Negras facility, which will ultimately enable it to supply 100% of Crown's needs for the U.S. marketplace.

This transaction is related to the combination of AB InBev and Grupo Modelo, which was completed on June 4, 2013.