| Mon 14 Aug 2006, 11:30 | | SABMiller plc - Completion of McKenzie River trans |
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SAB
SOSAB
SABMiller plc - Completion of McKenzie River transaction
JSEALPHA CODE:SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
("SABMiller")
Ref 36/2006
Completion of McKenzie River transaction
London and Johannesburg, 14 August 2006. SABMiller plc ("SABMiller") today
announces the completion of the acquisition of the Sparks and Steel Reserve
brands from U.S. contract brewing partner McKenzie River Corporation
("McKenzie River"). Following approval from U.S. antitrust authorities,
SABMiller assumes the ownership of the brands and related trademarks for the
caffeinated malt beverage franchise Sparks and leading high gravity lager
Steel Reserve.
SABMiller will continue to work with McKenzie River to develop new products.
Tom Long, President and CEO of Miller Brewing Company, said:
"We acquired these two fast growing brands to improve our portfolio mix and
increase our overall profitability. Importantly the new product development
relationship with McKenzie River president Minott Wessinger will further
expand our innovation capability and expertise."
Ends
Notes to editors:
SABMiller
SABMiller plc is one of the world"s largest brewers with brewing interests
or distribution agreements in over 60 countries across five continents. The
group"s brands include premium international beers such as Miller Genuine
Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional
range of market leading local brands. Outside the USA, SABMiller plc is
also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2006, the group reported US$2,626 million
adjusted pre-tax profit and a turnover of US$15,307 million. SABMiller plc
is listed on the London and Johannesburg stock exchanges.
This announcement is available on the company website: www.sabmiller.com
High resolution images are available for the media to view and download free
of charge from: www.vismedia.co.uk
Enquiries:
SABMiller plc
Tel: +44 20 7659 0100
Sue Clark Director of Corporate Tel: +44 20 7659 0184
Affairs
Gary Leibowitz Senior Vice President, Tel: +44 20 7659 0174
Investor Relations
James Crampton Media Relations Manager Tel: +44 20 7659 0172
This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc (the
"Company") or any of its affiliates in any jurisdiction or an inducement to
enter into investment activity.
This document includes "forward-looking statements". These statements may
contain the words "anticipate", "believe", "intend", "estimate", "expect"
and words of similar meaning. All statements other than statements of
historical facts included in this announcement, including, without
limitation, those regarding the Company"s financial position, business
strategy, plans and objectives of management for future operations
(including development plans and objectives relating to the Company"s
products and services) are forward-looking statements. These forward-
looking statements involve known and unknown risks, uncertainties and other
important factors that could cause the actual results, performance or
achievements of the Company to be materially different from future results,
performance or achievements expressed or implied by such forward-looking
statements. These forward-looking statements are based on numerous
assumptions regarding the Company"s present and future business strategies
and the environment in which the Company will operate in the future. These
forward-looking statements speak only as at the date of this announcement.
The Company expressly disclaims any obligation or undertaking to disseminate
any updates or revisions to any forward-looking statements contained in this
announcement to reflect any change in the Company"s expectations with regard
thereto or any change in events, conditions or circumstances on which any
such statement is based.
Any information contained in this announcement on the price at which the
Company"s securities have been bought or sold in the past, or on the yield
on such securities, should not be relied upon as a guide to future
performance.
Date: 14/08/2006 11:30:03 AM Produced by the JSE SENS Department
