Bernstein analyst Nadine Sarwat says that one of the next big beer deals could be the acquisition of Boston Beer (SAM) by Heineken (HEINY), with an attractive strategic rationale for both parties. Heineken has underperformed in the U.S. for more than five years. The firm sees a potentially attractive logic to buying Boston Beer as it would be a modest bolt-on for the group, but transformative for its U.S. business. Bernstein also sees significant upside for Boston Beer as Heineken could bring much needed supply chain best practices, portfolio diversity, and solve succession problem.
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Published first on TheFly
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