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Should Molson and Anheuser-Busch Investors Brace for More Bad News on Hard Seltzer?
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Should Molson and Anheuser-Busch Investors Brace for More Bad News on Hard Seltzer?
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Hard seltzer spike drives Anheuser-Busch to invest millions in its CNY brewery Syracuse.com 2/4/2021 Don Cazentre, syracuse.com
The big Anheuser-Busch plant near Baldwinsville, the largest brewery in New York state, is set to receive a major share of a planned $1 billion company-wide corporate investment over the next two years.
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The growth of the company’s hard seltzer brands is a major focus of its spending plan. Anheuser-Busch also says it want to help boost the national economy in the midst of the Covid-19 pandemic.
The $1 billion will be spread across 26 states and include A-B’s production and distribution operations. Of that, $400 million is earmarked for its 12 U.S. breweries.