Anheuser-Busch to Distribute Water

1 decade 1 year 7 months ago Wednesday, July 18 2007 Jul 18, 2007 Wednesday, July 18, 2007 8:28:18 AM CDT July 18, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
ST. LOUIS (AP) - The nation's leading beer-maker is dipping into water. Anheuser-Busch says today it will distribute Icelandic Glacial spring water in the U-S. And as part of the agreement with Icelandic Water Holdings, Anheuser-Busch bought a 20% equity interest in the Iceland-based company. Terms were not disclosed. The deal marks the first time St. Louis-based Anheuser-Busch has ventured into bottled water, an industry with U.S. sales of nearly eleven (b) billion dollars. Anheuser-Busch President and Chief Executive Officer August Busch the Fourth says the company is, quote, "looking for opportunities outside th

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e alcohol beverage category to fuel additional growth."

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