SABMiller extends its global market reach

SABMiller's plans to buy UK craft beer business Meantime Brewing is evidence that management does not take its global market dominance for granted. The deal, announced on Friday, will give the group exposure to products such as London Pale Ale, London Lager and Yakima Red, sold in more than 900 pubs and bars, as well as in Waitrose, Sainsbury's and Marks & Spencer stores and will help it capture some of the growth enjoyed by start-up craft producers.