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Beam Global Bought Out!

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@GotOak91
GotOak91 started a discussion

According to several sources Beam Global will be bought by Suntory for $16 Billion USD, Any thoughts you guys.

10 years ago

14 replies

@Nozinan
Nozinan replied

Yes I heard about this. Interesting development. As long as they leave my Booker's alone I have no issues with it...

10 years ago 0

@cheeserandyburg

Heard about this on the radio in the morning. Was news to me that both Teacher's and Laphroaig may be controlled by the new deal as well. Hopefully quality won't suffer.

10 years ago 0

@Bigtuna
Bigtuna replied

I agree with Nozinan, don't touch the Bookers!

10 years ago 0

@SquidgyAsh
SquidgyAsh replied

I don't think it'll affect quality at all, however I'm very excited to see another big boy come onto the scene. This means Suntory will give Diageo a run for it's money!

10 years ago 1Who liked this?

@Nolinske
Nolinske replied

I think it will be quite similar to when the Belgium company bought Budweiser and it's stable of products. Nothing from the production side should change just who gets paid at the end is now different.

10 years ago 1Who liked this?

@paddockjudge
paddockjudge replied

????????????????? - just came back from the local LCBO - all the labels have been changed - this what you must look for to find Knob Creek SB Reserve. The Japanese are extremely efficient, they don't waste a lot of time.

10 years ago 1Who liked this?

@GotOak91
GotOak91 replied

@paddockjudge Really? This must have been well planned to have labels change so quickly. @cheeserandyburg I agree, as long as quality doesn't suffer. I didn't know Teachers and the oh so lovely Laphroaig was a part of the deal.

10 years ago 0

@StevieC
StevieC replied

@paddockjudge @GotOak91 The labels have been changed for a while....I noticed the Laphroaig bottles and Courvoisier bottle changes early last spring......it should be interesting what happens with the new takeover. They interviewed the mayor of Bardstown on the news....he anticipated that there would be more jobs. Must have to pump more volume out for the thirsty Asian market. I wonder how prices will be affected? I'm no business analyst. Sorry guys. :)

10 years ago 0

@Bigtuna
Bigtuna replied

The idea of pumping out more volume can't be good for all Beam products (Bookers does come to mind). Either quality will have to suffer or the price will increase to meet the demand. The demand has always been there, but now the powers that be can now try to meet that demand by churning out more product. What can you do?

10 years ago 0

@CanadianNinja

As many of you already know, I'm certainly not in favor of any multinational getting even bigger! Having said that though, if it must happen I prefer it being a Japanese company like Suntory... There is very little chance quality will suffer.

10 years ago 1Who liked this?

@Victor
Victor replied

@CanadianNinja, I think that you are very correct that Suntory will be, well, Japanese, about their mangagement of Beam: cautious and careful. Now if only someone could talk them into selling some Alberta Premium at Cask Strength...

10 years ago 1Who liked this?

@StevieC
StevieC replied

@Victor @CanadianNinja the takeover might be a good strategic move by Suntory to gain greater control of the North American and European beverage market....this could possibly be good for us consumers, as we might see more Japanese whiskies sold in our stores. At present, the LCBO has a minimal selection when it comes to Japanese whiskies.

10 years ago 0

@cherylnifer
cherylnifer replied

I think it is a shrewd move by Suntory, especially in light of their timing (after Beam's acquisition of Cooley) which now provides them a presence in the strong U.S and improving Irish whiskey markets.

10 years ago 0

@MCM
MCM replied

Multinationals:bad :: Malty-nationals:good

Woooo! word play!

10 years ago 0