Ambev, formally Companhia de Bebidas das Américas is a Brazilian brewing company. It is the biggest brewery in Latin America and the fifth in the world. It was created on July 1, 1999, with the merger of two breweries, Brahma and Antarctica.
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The beer business is a nice steady business, and the consolidation in the industry is where the money has been made. There are a couple of monster brewers out there that own a lot of the breweries. However, underneath that, there are a lot of craft brewers that are taking market share. He wouldn’t have any qualms in owning this, and it has a reasonable yield. It doesn’t meet his requirements of growth plus dividends.