Headlines

Beverage World presents the latest news from across the worldwide beverage market.

F&N Approves Heineken-APB Deal

hareholders in the parent company of the Singapore-based brewer that makes Tiger beer approved its takeover by Heineken on Friday, increasing the Dutch giant's footprint in the growing Asian market. The vote at Fraser and Neave (F&N) will see Heineken pay Sg$5.6 billion ($4.6 billion) for its 40 percent stake in Asia-Pacific Breweries (APB), which also makes the popular Bintang beer. (Bangkok Post)

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Carlsberg to Form JV with Singha

Danish brewer Carlsberg AS on Friday said it has entered into a strategic partnership agreement with Thailand-based brewer Singha Corp. to form a joint venture. As per the agreement, the joint venture will oversee the marketing, sales and distribution of Carlsberg's international beer brands in Thailand, while Singha's brands will be launched in selected markets outside of Thailand through Carlsberg's international network. (NASDAQ)

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NY Gov. Cuomo to Host Beer and Wine Summit

New York Gov. Andrew Cuomo plans to host a beer and wine summit in Albany next month to consider ways the state can help both industries. “Wine and beer, I think, there’s also opportunities for collaboration,” Cuomo told reporters Thursday. “The wine industry in New York is very important. It is big business for us. It’s doing very well.” (NY Daily News)

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Food Service Beverage Sales Rise

According to new Technomic research, foodservice beverage sales rose sharply last year, with 71 percent of consumers now purchasing beverages away from home twice a week or more, up from 66 percent in 2010, Marketing Daily reports. As reported in Technomic’s Beverage Consumer Trend Report, more than two-thirds of consumers surveyed said they drank hot coffee (68 percent) and soft drinks (66 percent) at least once in the past month, while half said they purchased hot coffee (46 percent) and soft drinks (53 percent) from a foodservice establishment at least once in the last month. (NACS Online)

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Beer Choice Reveals Political Persuasion

What's in a beer? As it turns out, one's brew of choice may predict not only whether the drinker will head to the polling station this November, but also who he or she will vote for. According to a study by Scarborough Research, Samuel Adams enthusiasts are more likely to support Mitt Romney on November 6, and they are also more likely to vote. In contrast, Heineken drinkers are more likely to vote Democratic, but their voter turnout tends to be low. (Daily Mail)

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UK's Cobra Beer Seeks India Acquisitions

UK-based Cobra Beer today said it is looking to acquire breweries in India to expand presence, and is considering exports from the country. The company, led by India-born entrepreneur Karan Bilimoria, had last year acquired its first brewery in the country in Bihar and is at present investing $35 million to establish the brand here. "India has a huge potential and we believe in the growth story here. We are exploring various opportunities here to expand our business," Bilimoria, who is the Chairman of Cobra Beer Partnership Ltd, said when asked if the company is looking for further acquisitions. (Economic Times)

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