In today's edition, analysts Andrew Tonner and Austin Smith talk about one massive trend that's become the norm the in brewery space: buyouts. Heineken recently joined the ranks of "more is not enough" breweries and spent big money to acquire Asia Pacific breweries. Consolidation is simply the nature of the game for the brewers now. With saturated domestic markets, many of these brewers have to look abroad for growth. However, with each acquisition the bottom-line impact is that much less, so as these companies grow, their acquisitions will increasingly become less meaningful.
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