The US Department of Justice has reached a settlement with two of the biggest beer companies in the US, Anheuser-Busch (which is wholly owned by InBev and is comprised of Budweiser, Rolling Rock, Shock Top, and about a million other brands) and Grupo Modelo (Mexico’s largest brewer, whose flagship is Corona). A spokesperson told The Hill that if the settlement made a mere one per cent difference in prices, US consumers will save one billion dollars a year.
In order to complete their $20 billion dollar merger, Grupo Medelo will have to divest their entire US business to Constellation Brands. After that, interested parties will have sixty days to challenge the judgement, but it looks like the US’s first and third largest brewers are about to become one.
Of course, countering the trend of ever-larger brewers are small crafter breweries, whose market share is slowly but steadily growing. So, if you’re the sort who is put off corporate growth, why not check out one of these spring craft brews?