Carlton & United Breweries

Carlton & United Breweries (CUB) is an Australian brewing company based in Melbourne and owned by Japanese conglomerate Asahi Breweries. Its notable brands include Victoria Bitter, Carlton Draught, Foster's Lager, Great Northern, Resch's, Pure Blonde and Melbourne Bitter.

Carlton & United Breweries
IndustryAlcoholic beverage
Founded1907; 115 years ago (1907)
HeadquartersMelbourne, Victoria, Australia
Key people
Peter Filipovic
(CEO) [1]
ParentAsahi Breweries
Carlton breweries in 1886

CUB was established in 1907 as a merger of six existing breweries and became a public company in 1913. It first expanded outside Victoria in 1931 and acquired a number of other brewing companies over the following decades. In 1983 it became a wholly owned subsidiary of Elders IXL and CUB was delisted from the stock exchange. In 1990, Elders IXL was renamed Foster's Group, and in July 2004, Fosters Group changed its name to Carlton & United Beverages.[2][3] In February 2009, CUB announced the decision to separate the Australian Wine division from the Australian Beer, Cider & Spirits (BCS) division, and rename BCS to Carlton & United Breweries.[4]

In December 2011, American multinational SABMiller acquired Foster's Group, and took over ownership of Carlton & United Breweries as part of the acquisition.[5] Subsequently in October 2016, CUB was included in the purchase of SABMiller by Anheuser-Busch InBev.[6] SABMiller ceased trading on global stock markets[7][8] and as a result, Carlton & United was then owned by Anheuser-Busch InBev.[9]

In July 2019, Asahi Breweries agreed to purchase CUB, with the Australian Competition & Consumer Commission and Foreign Investment Review Board approving the deal in May 2020.[10][11]

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