A sad, sad day!

14 Jul

I guess I knew it was coming, but this evening it was leaked that Anheuser-Busch has agreed to InBev’s buyout offer. Reports say that the takeover is estimated at about $50 billion and will create the largest brewery in the world. InBev will allow the Anheuser-Busch corporate offices to remain in St. Louis, but Anheuser always bragged about being the last American owned major brewer. Miller is owned by South African Breweries as SABMiller. Coors is owned by the Molson Coors Brewing Company and they are Canadian.

While I understand that in America we have a free market system, and rich people like Warren Buffett will make millions off of this deal (The Busch family will make very little because they sold off their shares years ago and only own about 4%) but what about the whole “made in the USA” crap. Our car companies are going bankrupt because everyone buys Toyotas and now all of our beer is owned by outsiders. What is America going to do when 80% of the companies owning most of the property around the country are owned by people overseas? Most countries don’t allow this sort of thing, but we do.

Also, on a personal note I’m very VERY worried about the theme parks. Busch Gardens and Sea World are places that I love to go to and have annual passes to and it is doubtful that Busch’s new Belgian owners will want to keep these “non-core assets.” Busch also spends billions of dollars every year on the environment and being “green” is a very American thing (although we just do it as lip service), just look at were our Olympians will be choking for air next month. InBev will see this spending as waste and eliminate it immediatly.

Farewell America! We barely knew thee!

You can read the news in this Yahoo! article.

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3 Responses to “A sad, sad day!”

  1. mom July 14, 2008 at 6:26 am #

    At least ImBev isn’t a chinese corp. Our current adminsitration has borrowed a trillion dollars to finance its war against whatever. We should all start learning the language now!

Trackbacks/Pingbacks

  1. american owned breweries Trendy Here! - July 14, 2008

    […] brewer. Miller is owned by South African Breweries as SABMiller. Coors is owned by the … credit : […]

  2. Alcohol Posts » A sad, sad day! - July 14, 2008

    […] Joe O. wrote a fantastic post today on “A sad, sad day!”Here’s ONLY a quick extractOur car companies are going bankrupt because everyone buys Toyotas and now all of our beer is owned by outsiders. What is America going to do when 80% of the companies owning the most of the property around the country is owned by … […]

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