Former New York Yankees star Alex Rodriguez has made a minority investment in Anheuser-Busch InBev-owned Dominican beer brand Presidente. Read More
Cervecería Nacional Dominicana
Cervecería Nacional Dominicana (CND), is the primary beer producer in the Dominican Republic, the company is owned by AmBev and Grupo León Jimenes. It was founded in 1929 by the American entrepreneur Charles H. Wanzer. It was the first brewery in the Dominican Republic and the largest in the Antilles and Central America with sales of 3.8 million hectoliters.
It first released its major brand Presidente in 1935, and has since expanded to other brands such as Bohemia Especial, Presidente Light and Ambar. The first two are pilsner beers that fall in the category of lager beers, and the latter is the company’s first incursion into dark beer.
CND also distributes Miller products and Heineken. Its current brewery complex was opened in 1951. It employs 2,500 people and produces up to 500 million liters of beer.
Sale to AmBev
In April 2012, Anheuser-Busch InBev’s Brazilian unit AmBev agreed to buy a controlling stake in the Dominican Republic-based brewer Cervecería Nacional Dominicana for over $1.2 billion, forming the biggest beverage company in the Caribbean. The purchase was for a 41% stake in the CND from Grupo Leon Jimenes and an additional $200 million for Heineken’s 10% stake in the CND, giving AmBev 51% majority ownership of the CND.
Greater than 25% Ownership by Anheuser-Busch InBev.
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