Foster's Group instance of brewery
Foster's Group Pty. Ltd. was an Australian beer group with interests in brewing and soft drinks, known for Foster's Lager, now called Carlton & United Breweries since the company was renamed in 2011. Foster's was founded in 1888 in Melbourne, Victoria by two American brothers, who sold the brewery a year later.
The company was renamed prior to sale to British-South African multinational SABMiller in 2011.  Foster's wine business was split into a separate company, Treasury Wine Estates, in May 2011. In October 2016 Anheuser-Busch InBev acquired SABMiller, which ceased trading as a corporation, making the Foster's Group a direct subsidiary of the parent company. In June 2020, Carlton and United Breweries was sold to the Japanese beverage giant, Asahi Group Holdings.History
Foster's was founded in Melbourne in 1888 by two American brothers William and Ralph Foster of New York, United States, who happened to own a refrigeration plant. Cooling was necessary to brew and store acceptable lagers in Australia's hot climate, unlike the English-style dark ales commonly brewed at the time. They sold the brewery the following year and returned to the United States.In 1983 Elders IXL, a giant Australian diversified conglomerate, purchased Carlton and United Breweries, and renamed it Elders Brewing Group.  Then in 1990, the Elders Brewing Group changed its name to the Foster's Group, to reflect the name of their most internationally recognised product.
In 2005, Foster's Group acquired the Australian wine-making group Southcorp Wines. This acquisition added famous brands such as Penfolds, Lindemans and Rosemount to the Foster's stable and around A$1 billion to revenues.
In May 2011, Foster's Group's Treasury Wine Estates unit was spun off into a separate company. The first day of trading saw its share price soaring, valuing the separate entity at A$2.2 billion.There had long been speculation that the beer sector or all of Foster's Group would be subject to a takeover by a larger firm. Groups to express such an interest over the years have included Diageo, the British-South African company SABMiller, Molson Coors and Heineken International. Foster's Group was renamed Carlton & United Breweries (CUB), and its wine business split into a separate company, Treasury Wine Estates, in May 2011. CUB was sold to SABMiller in September 2011, valued at A$9.9bn (US$10.2bn; £6.5bn). Foster's Group Limited shares (ASX code: FGL) were suspended from trading on the ASX on 2 December 2011 and delisted from the ASX at close of trading on 20 December 2011.On 10 October 2016 Anheuser-Busch InBev acquired SABMiller. SABMiller was delisted and ceased trading on global stock markets, and Foster's Group became a direct subsidiary of Anheuser-Busch InBev SA/NV. As a result, Foster's Group became a direct subsidiary of Anheuser-Busch InBev SA/NV.In 2019, Business Insider reported that Asahi Group Holdings, a large Japanese beverage corporation, would buy Anheuser-Busch InBev's Australian assets, "including Foster's beer and Carlton and United Breweries". In June 2020, Anheuser-Busch InBev completed the sale of Carlton and United Breweries to Asahi Group Holdings.
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