Stratrix
On the Record · United Breweries

United Breweries acquisitions, on the record

The businesses United Breweries bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Compañía Cervecera Kunstmann S.A. (Cervecería Kunstmann S.A.)
Word for word“In May 2002, we acquired a 50% stake in Compañía Cervecera Kunstmann S.A., currently Cervecería Kunstmann S.A. (“CK”), a brewery located in the southern city of Valdivia, in Chile.” 20-F for 2023
acquisitionIn May 2002—
Compañía Cervecerías Unidas Argentina S.A. stake in CCU Argentina (Anheuser-Busch Investment, S.L.)
Word for word“In December 2010, our subsidiary Inversiones Invex CCU Ltda., acquired a 4.04% equity stake in CCU Argentina from Anheuser-Busch Investment, S.L.” 20-F for 2023
acquisitionIn December 2010—
Viña Tarapacá S.A. (VT)
Word for word“Once all the legal requirements were fulfilled, the merger by absorption of VT by VSP was completed on December 9, 2008, with an effective date for accounting purposes of October 1, 2008.” 20-F for 2023
mergerDecember 9, 2008—
Viña Leyda (assets)
Word for word“In January 2007, Viña Tabalí S.A. bought the assets of Viña Leyda, located in the Leyda Valley, a new winemaking region south of Casablanca Valley and close to the Pacific Ocean.” 20-F for 2023
acquisitionIn January 2007—
Calaf and Natur brands (sold to Carozzi)
Word for word“In 2015, we sold the brands Calaf and Natur to Carozzi, leaving Foods only with its 50% stake in Nutrabien.” 20-F for 2023
divestitureIn 2015—
Manantial S.A.
Word for word“In December 2012, Aguas CCU completed an acquisition of 51.01% of the company Manantial S.A. (“Manantial”), a Home and Office Delivery (“HOD”) business of purified water in bottles with the use of dispensers.” 20-F for 2023
acquisitionIn December 2012—
Sajonia Brewing Company SRL (formerly Artisan SRL)
Word for word“In March 2016, we, through our subsidiary Bebidas del Paraguay S.A., acquired 51% of Sajonia Brewing Company SRL (formerly Artisan SRL) which produces and commercializes Sajonia craft beer in Paraguay.” 20-F for 2023
acquisitionIn March 2016—
Americas Distilling Investments LLC
Word for word“In June 2017, CPCh incorporated to its portfolio the Peruvian pisco brand BarSol, through the acquisition of 40% of Americas Distilling Investments LLC, which is based in the United States and owns the BarSol brand and productive assets based in Peru.” 20-F for 2023
acquisitionIn June 2017—
Zona Franca Central Cervecera S.A.S. (ZF CC)
Word for word“On August 16, 2017, CCU, through its subsidiary CCU Inversiones ll Ltda., acquired 50% of Zona Franca Central Cervecera S.A.S. (“ZF CC”), a company incorporated in Colombia in which CCU and Grupo Postobón are the sole shareholders in equal parts.” 20-F for 2023
acquisitionOn August 16, 2017—
Nutrabien (sold to Ideal S.A., Grupo Bimbo)
Word for word“Having received said approval, the sale of 100% of the shares of Nutrabien to Ideal S.A. was completed on December 17, 2018.” 20-F for 2023
divestitureDecember 17, 2018—
Cervecería Kunstmann S.A. 50.1% stake (from Mahina SpA)
Word for word“On February 18, 2020, the subsidiary Cervecería Kunstmann S.A. (“CK”) acquired 50.1% from the company Mahina SpA.” 20-F for 2023
acquisitionOn February 18, 2020—
Aguas Danone de Argentina S.A. (ADA)
Word for word“On April 28, 2022, CCU through its subsidiary, Compañía Cervecerías Unidas Argentina S.A. acquired 49% of the ownership of Aguas Danone de Argentina S.A. ("ADA"), accounted using the equity method, which includes the business of mineral waters, flavored waters and powdered juices with its brands Villavicencio, Villa del Sur, Levité, Ser and Brío.” 20-F for 2023
acquisitionOn April 28, 2022—
D&D SpA (La Pizka)
Word for word“On December 30, 2022, our subsidiary CPCh signed a series of contracts and agreements to acquire a controlling interest in D&D SpA, a company which specializes in premium frozen cocktails in Chile, mainly through the brand La Pizka.” 20-F for 2023
agreed acquisitionOn December 30, 2022—
Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A. (increased stakes; Sudameris holds remaining shares)
Word for word“By virtue of this, CCU, through its subsidiary CCU Inversiones II SpA, increased its shareholding in Bebidas del Paraguay S.A. from 50.005% to 55.007%, and in Distribuidora del Paraguay S.A. from 49.959% to 54.964%, with Sudameris Bank S.A.E.C.A. holding the remaining shares of both companies.” 20-F for 2023
acquisition——
Compañía Cervecerías Unidas Argentina S.A. stake in Aguas de Origen S.A. (ADO)
Word for word“This consolidation took place in July 2024, the date on which our subsidiary Compañía Cervecerías Unidas Argentina S.A. (CCU Argentina) exercised the stock option contained in the shareholders' agreement, which allowed it to acquire 8,471,349 shares, representing a 0.1% interest in Aguas de Origen S.A.” 20-F for 2024
acquisitionJuly 2024—
Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A. (shares owned by Sudameris)
Word for word“Later, in February 2024, according to the Put and Call Option Agreement entered into on March 16, 2023 between CCU Inversiones II SpA and Sudameris, and due to the exercise of the Put option by Sudameris, CCU Inversiones II SpA and CCU Inversiones S.A., the latter also a subsidiary of CCU, have acquired all of the shares of Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A., owned by Sudameris.” 20-F for 2024
acquisitionFebruary 2024—
Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A.
Word for word“On October 2024, the subsidiaries of Compañía Cervecerías Unidas S.A., CCU Inversiones II SpA and CCU Inversiones S.A., shareholders of Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A., entered into binding and definitive association agreements with Vierci Group, which holds the license of beverages and the distribution of snacks of PepsiCo in Paraguay, through its companies AV S.A. and AJ S.A.” 20-F for 2024
agreed divestitureOctober 2024—
Portion of land in Chile adjacent to brewery plant in Santiago
Word for word“As part of the Company’s divestment plan, in 2024 we completed the sale of a portion of land in Chile, adjacent to our brewery plant in Santiago.” 20-F for 2024
divestiture2024—
Aguas de Origen S.A. additional interest
Word for word“In 2024, we paid an amount of CLP 47 million (CLP 52 including hyperinflation effect) for the acquisition of an additional interest in Aguas de Origen S.A, reaching a participation of 50.1%.” 20-F for 2024
acquisition2024CLP 47 million (CLP 52 including hyperinflation effect)
Viña San Pedro Tarapacá S.A. additional interest
Word for word“Also, in 2024, we paid an amount of CLP 711 million for the acquisition of an additional interest in Viña San Pedro Tarapacá S.A.” 20-F for 2024
acquisition2024CLP 711 million
Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A. additional interest
Word for word“Also on March 1, 2023 we paid CLP 3,205 million (equivalent to USD 4,001,920) for the increase in the Company participation in Bebidas del Paraguay S.A. from 50.1005% to 55.007%, and in Distribuidora del Paraguay S.A. from 49.959% to 54.964%.” 20-F for 2024
acquisitionMarch 1, 2023CLP 3,205 million (equivalent to USD 4,001,920)
Compañía Industrial Cervecera S.A. (CICSA) merger of Saénz Briones y Cía. S.A.I.C.
Word for word“Further, on November 11, 2024, the merger of Saénz Briones y Cía S.A.I.C with and into CICSA was finally approved by local authorities, with retroactive effect as of May 1, 2023.” 20-F for 2024
acquisitionNovember 11, 2024—
Aguas Danone de Argentina S.A.
Word for word“On April 28, 2022, CCU through its subsidiary, Compañía Cervecerías Unidas Argentina S.A. acquired 49% of the ownership of Aguas Danone de Argentina S.A. ("ADA"), accounted using the equity method, which includes the business of mineral waters, flavored waters and powdered juices with its brands Villavicencio, Villa del Sur, Levité, Ser and Brío.” 20-F for 2025
acquisitionOn April 28, 2022—
Viña Leyda
Word for word“In January 2007, Viña Tabalí S.A. bought the assets of Viña Leyda, located in the Leyda Valley, a new winemaking region south of Casablanca Valley and close to the Pacific Ocean.” 20-F for 2025
acquisitionIn January 2007—
wine assets of Pernod Ricard Argentina SRL
Word for word“On May 31, 2019, CCU, through its subsidiary Viña San Pedro Tarapacá S.A., completed the purchase of the wine assets of Pernod Ricard Argentina SRL, which included the brands Graffigna, Colón and Santa Silvia.” 20-F for 2025
acquisitionOn May 31, 2019—
Nutrabien
Word for word“On June 15, 2017, Foods and CCU Inversiones S.A. signed a purchase agreement, for the sale of all the shares of its subsidiary Nutrabien, with Ideal S.A, a subsidiary of Grupo Bimbo, subject to the approval of the antitrust authorities in Chile.” 20-F for 2025
agreed divestitureOn June 15, 2017—
Sajonia Brewing Company SRL
Word for word“In March 2016, we, through our subsidiary Bebidas del Paraguay S.A., acquired 51% of Sajonia Brewing Company SRL (formerly Artisan SRL) which produces and commercializes Sajonia craft beer in Paraguay.” 20-F for 2025
acquisitionIn March 2016—

Read from United Breweries’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.