SABMiller Investing $300 Million in Peru

Wow….not exactly pocket change…but SABMiller is investing big in Peru.  This from Bloomberg:

SABMiller , the world’s second-biggest brewer by volume, is investing $300 million in Peru to meet surging beer demand in Latin America’s fastest-growing economy, according to the London-based company’s local unit.

Union de Cervecerias Peruanas Backus y Johnston SAA (BACKUSI1), acquired by SABMiller as part of a 2005 purchase of Bogota-based Grupo Empresarial Bavaria, is upgrading its five Peruvian brewhouses and replacing 600 distribution trucks with natural gas-fueled vehicles to cut costs, Chief Executive Officer Mauricio Leyva said in an interview yesterday from his Lima office. The expansion should be completed next year, he said.   Full details here.

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