SABMiller Announces Entry Into Argentinian Market

CASA Isenbeck's principal brands are Isenbeck and Warsteiner, with total sales volumes in 2009 of approximately 600,000hl. Its brewery is located in Zarate, near Buenos Aires, and has a total capacity of 1.2 million hl.

24 Nov 2010 --- SABMiller plc has announced that it has acquired Cervecería Argentina S.A. Isenbeck, the third largest brewer in Argentina, from the Warsteiner Group.

CASA Isenbeck's principal brands are Isenbeck and Warsteiner, with total sales volumes in 2009 of approximately 600,000hl. Its brewery is located in Zarate, near Buenos Aires, and has a total capacity of 1.2 million hl.  CASA Isenbeck will continue to produce and distribute the Warsteiner brand under a long-term licence agreement.

CASA Isenbeck has gross assets of US$24.7million.

Barry Smith, President, SABMiller Latin America, commented: "We are pleased to have added CASA Isenbeck to our Latin American footprint, giving us exposure to the fast-growing and attractive Argentinian beer market and complementing our existing Latin American operations."