7 Die in Brewery Accident in Mexico City

    April 8, 2013
    Sean Patterson
    Comments are off for this post.

Reuters is reporting that seven people have died in a brewery accident in Mexico City. Beer company Grupo Modelo stated that seven workers were killed in an accident involving a tank that was being cleaned and receiving maintenance. The details of the accident have not been released.

According to the report, a Grupo Modelo spokesperson stated that, “Modelo is deeply sorry for this accident and will support the affected families permanently.”

Grupo Modelo is the maker of beer that included Modelo, PacĂ­fico, and Corona. Corona is the best-selling beer from Mexico, and the top imported beer in the U.S. Last summer, Anheuser-Busch InBev (ABI) announced that it would fully acquire Modelo for just over $20 billion. ABI is the maker of the best-selling U.S. beer, Bud Light.

In January 2013, the U.S. Justice Department filed a civil antitrust lawsuit to block the merger. The Justice Department claims that the U.S. beer market is highly concentrated, with 39% of beer sales in 2012 going to ABI, and another 7% going to Modelo. There is worry that ABI, which is a price leader for the U.S. beer industry, is seeking to eliminate competition from Modelo, which “aggressively” prices its imports.