Friday, June 15, 2012

CRSB - SAB Miller

One of the highlights of the trip. . . Jack Knight provided some fantastic insight into SAB Miller's Snow Beer JV with Hong Kong based and state owned CSE.

SAB is a minority partner. Their margins are lower than in their other businesses but the volumes are so massive that the business does very well for them. They've grown from 3 to 80 breweries through greenfield development and M&A, and they're fantastically positioned as a market leAder in rural areas and 2nd tier cities.

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