lse sab jse sab industry brewing beverage founded february 8 1895 ; 121 years ago 1895 02 08 1 headquarters london england area served worldwide key people jan du plessis chairman alan clark ceo revenue us 22.130 billion 2015 2 operating income us 4.384 billion 2015 2 net income us 3.557 billion 2015 2 number of employees 69 000 2016 3 subsidiaries bavaria brewery foster s group kompania piwowarska miller brewing company south african breweries pilsner urquell brewery website www.sabmiller.com sabmiller plc lse sab jse sab is a multinational brewing and beverage company headquartered in london england . it is the world s second largest brewer measured by revenues after anheuser busch inbev and is also a major bottler of coca cola . 4 5 its brands include fosters miller and pilsner urquell . 4 it has operations in 80 countries world wide and in 2009 sold around 21 billion litres of beverages . 4 dead link sabmiller s origins date back to the foundation of south african breweries in 1895 to serve a growing market of miners and prospectors in and around johannesburg . two years later it became the first industrial company to list on the johannesburg stock exchange . from the early 1990s onwards the company increasingly expanded internationally making several acquisitions in both emerging and developed markets . in 1999 it formed a new uk based holding company sab plc and moved its primary listing to london . in may 2002 sab plc acquired miller brewing forming sabmiller plc. sabmiller had a primary listing on the london stock exchange and was a constituent of the ftse 100 index . however in october 2015 anheuser busch inbev announced plans to acquire sabmiller for 69 billion 104 billion . 6 the acquisition which would drop the name sabmiller was approved by shareholders of both companies on 28 september 2016 . 7 contents 1 history 2 operations 2.1 africa and asia ex . south africa 2.2 australia 2.3 europe 2.4 latin america 2.5 north america 2.6 south africa 3 beer 4 corporate social responsibility 4.1 environment 4.2 taxation 5 senior management 5.1 board of directors 6 see also 7 references 8 external links history edit the origins of the company date back to the foundation of south african breweries in 1895 in south africa . for many decades the operations of south african breweries were mainly limited to southern africa where it had established a dominant position in the market during south african apartheid until 1990 when it began investing in europe . 8 in 1999 after listing on the london stock exchange 8 to raise capital for acquisitions the group purchased the miller brewing company in north america from the altria group in 2002 and changed its name to sabmiller . 8 following this the group s next major acquisition was of a major interest in bavaria s. a. south america s second largest brewer and owner of the aguila and club colombia brands in 2005 . 8 the company became engaged in the hostile takeover of fosters in august 2011 9 and in september 2011 the board of foster s agreed to a takeover bid valuing the company at a 9.9 bn us 10.2 bn ; 6.5 bn . 10 the deal was completed by the end of 2011 but excluded the foster s lager brand in the uk and europe where it is owned by heineken . 11 in november 2011 sabmiller launched impala cervejas in africa the first commercially produced cassava beer although africans have been making cassava home brews for generations . the taste is described as somewhat bitter somewhat tangy not sweet . 12 in 2013 the company joined leading alcohol producers as part of a producers commitments to reducing harmful drinking . 13 in july 2014 the company announced it was divesting its 39.6 percent stake in casino and hotel group tsogo sun holdings limited through institutional share placements and a partial buy back from tsogo sun . sabmiller s stake at the time was valued at approximately zar11 .7 billion us 1.09 billion . 14 in september 2014 the company made an unsuccessful attempt to acquire a controlling stake in dutch rival heineken international 15 a move bloomberg states was part of sabmiller s strategy to protect itself from a potential takeover bid from anheuser busch inbev . 16 on 27 november 2014 it was announced that sabmiller the coca cola company and gutsche family investments had agreed to combine the bottling operations of their non alcoholic ready to drink beverages businesses in southern and east africa . the new bottler coca cola beverages africa will serve 12 high growth countries accounting for approximately 40 percent of all coca cola beverage volumes in africa . sabmiller will hold 57 percent shareholding in the proposed venture . 17 in may 2015 sabmiller announced it would acquire british brewery company meantime brewing for an undisclosed fee . 18 the meantime brand along with grolsch and peroni was subsequently sold to asahi group holdings of japan in april 2016 . on 16 september 2015 anheuser busch inbev made another acquisition bid for sabmiller . this deal would unite the world s two biggest beermakers and control about half the industry s profit . the deal however has to go through several regulatory hurdles which would require certain operations to be spun off the group . 19 a deal was announced on 13 october 2015 . 20 the transaction completed on 10 october 2016 . 21 operations edit sabmiller has grown from its original south african base into a global company with operations in both developed markets and emerging economies such as eastern europe china and india . it is one of the world s largest brewers with brewing interests and distribution agreements across six continents . its worldwide portfolio of brands includes premium international beers such as pilsner urquell peroni nastro azzurro miller genuine draft and grolsch along with leading local brands such as aguila castle miller lite snow and tyskie . africa and asia ex . south africa edit sabmiller s brewing operations in africa span 31 countries . in china the group s national brand snow is produced in partnership with china resources enterprise limited and is the leading brand by volume in china . sabmiller is the second largest brewer in india and has joint ventures in vietnam and australia . brands include n gola 2m castle lager castle milk stout eagle fosters kilimanjaro haywards 5000 royal challenge knock out indus pride snow zorok and white bull . australia edit in september 2011 the board of foster s group agreed to a takeover bid by sabmiller valuing the company at a 9.9 bn us 10.2 bn ; 6.5 bn . 10 brands include carlton draught cascade draught see cascade brewery foster s lager melbourne bitter pure blonde victoria bitter and the matilda bay brewing company portfolio . europe edit sabmiller s entry into the european market began in 1995 with the acquisition of dreher in hungary . the group s european operations are mostly centred in the fast developing consumer markets in central and eastern europe hungary romania poland czech republic and russia although there are operations in italy france uk spain and germany where it imports its international brands . on 19 november 2007 the board of royal grolsch nv accepted a 816 million offer for the company by sabmiller . the takeover was completed with the delisting of grolsch s shares on 20 march 2008 . brands include pilsner urquell ari brewery velkopopovick kozel radegast tyskie topvar ursus dreher and lech . latin america edit sabmiller first entered the latin american market with the acquisition of cerveceria hondure a in honduras making the company the first international brewer to enter central america . since then the group has expanded its latin american operations into six countries including colombia el salvador ecuador panama and peru . lager brands include isenbeck argentina aguila club colombia coste a poker pilsen colombia cristal pilsen callao pilsen trujillo cusque a arequipe a peru pilsener club ecuador pilsener regia suprema golden light el salvador port royal salva vida imperial honduras atlas panama and balboa panama . north america edit on 9 october 2007 sabmiller and molson coors brewing company announced a joint venture to be known as millercoors . us antitrust regulators approved the joint venture on 5 june 2008 . the merger was completed on 30 june 2008 and millercoors began operation as a combined entity on 1 july 2008 . the combined venture will be clarification needed headquartered in chicago illinois . pete coors has been named as chairman of the new company and molson coors chief executive leo kiely will be clarification needed the new ceo of the joint venture . tom long ceo of miller will be appointed president and chief commercial officer . they have recently opened permanent offices in canada in toronto montreal and vancouver . brands include miller lite miller genuine draft olde english 800 milwaukee s best miller chill hamm s and leinenkugel . the proposed merger with anheuser busch inbev would give the newly combined company a near monopoly on beer production in the united states whose federal trade commission poses the largest obstacle to the merger moving forward . numerous brands would have to be spun off to receive regulatory approval . 6 south africa edit this is the group s most established market to date . local subsidiary sab ltd s soft drink division is also the country s largest producer of products for the coca cola company . brands include castle lager castle 1895 grolsch castle milk stout hansa marzen gold hansa pilsener carling black label carling blue label castle lite redd s peroni miller genuine draft brutal fruit flying fish liberado and carver s weiss . beer edit main article sabmiller brands sabmiller beers on display as sabmiller world in pilsen czech republic sabmiller beers include those classified by the company as global beers the flagships of sab miller foster s pilsner urquell tyskie miller genuine draft sab miller also owns over 150 market leading local brands . the company is one of the world s largest coca cola bottlers and has carbonated soft drinks bottling operations in 14 markets . corporate social responsibility edit environment edit sabmiller runs a number of sustainable development initiatives across its companies and in the countries in which it operates . they use new lightweight bottles that use 30 percent less glass . the lightweight bottles are designed to not only reduce the amount of waste materials but also cut down on energy used in production and distribution reducing the company s carbon emissions . 22 sabmiller submits to a number of third party annual reports that review the company s environmental record . the corporation provides links to such reports on their own website . 23 like many multinationals sabmiller has attracted close scrutiny for its adherence to the corporate social responsibilities it espouses . one major study undertaken by biomed central and published in 2013 examined the global csr of three of the biggest manufacturers of alcohol pernod ricard sabmiller and ab inbev and concluded it amounted to the illusion of righteousness . 24 taxation edit in november 2010 the charity actionaid published a report alleging that sabmiller has avoided paying a total of around 20 million of corporation tax in five african countries ghana mozambique tanzania south africa and zambia and in india . sabmiller has denied these allegations . 25 in october 2015 the financial times described the actions of sabmiller and other multinationals operating in africa as looters . 26 the issue is transfer pricing the transfer of goods or services to another arm of the group in a different country . for its part sabmiller has stated that its tax contribution in africa is substantial . it releases its tax contributions for four of the 17 african markets in which