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Doug is a Chartered Alternative Investment Analyst who spent more than 20 years as a derivatives market maker and asset manager before “reincarnating” as a financial media professional a decade ago.
Before joining Britannica, Doug spent nearly six years managing content marketing projects for a dozen clients, including The Ticker Tape, TD Ameritrade’s market news and financial education site for retail investors. He has been a CAIA charter holder since 2006, and also held a Series 3 license during his years as a derivatives specialist.
Doug previously served as Regional Director for the Chicago region of PRMIA, the Professional Risk Managers’ International Association, and he also served as editor of Intelligent Risk, PRMIA’s quarterly member newsletter. He holds a BS from the University of Illinois at Urbana-Champaign and an MBA from Illinois Institute of Technology, Stuart School of Business.
Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. They write new content and verify and edit content received from contributors.

Anheuser-Busch Companies, LLC is one of the largest brewers in the world, producing beer under the Budweiser, Bud Light, Busch, Michelob, and Stella Artois labels, as well as several craft beer brands. In 2008, it became a subsidiary of Anheuser-Busch InBev. The headquarters are in St. Louis, Missouri.

The company had its origins in a small brewery opened in St. Louis by George Schneider in 1852. This faltering enterprise was bought by the soap manufacturer Eberhard Anheuser in 1860, and the following year Anheuserâs daughter married Adolphus Busch, a brewery supplier who became the driving force behind the breweryâs future success. Busch pioneered the use of refrigerated railcars and of pasteurization in the brewing industry as part of his efforts to create the first nationally selling beer in the United States. In 1876 the company introduced a new, light-colored pilsner beer called Budweiser. In 1879 the company was incorporated, and the name E. Anheuser & Company was changed to Anheuser-Busch Brewing Association. Busch became president of the company in 1880 after Anheuserâs death. The Michelob brand was introduced in 1896.
The 20th century began with continued growth in order to keep up with rising demand. But when the Prohibition era began in 1920, Anheuser-Busch sales plummeted. The company survived by shifting production to brewerâs yeast and malt products such as ice cream and nonalcoholic malt beverages. Busch also opened several restaurants in St. Louis.
The company greatly expanded its brewing operations during the presidency of August Anheuser Busch, Jr. (1946â75) . Beer consumption resumed after the Eighteenth Amendment was repealed in 1933, and skyrocketed after World War II. By 1957, Anheuser-Buschâled by its flagship Budweiser (âthe king of beersâ) brandâbecame the top-selling brewer in the U.S.
Buschâs ambitions extended beyond alcoholic beverages. In 1953, the company bought the St. Louis Cardinals professional baseball team, and in 1959, it opened Busch Gardens, a zoo and amusement park with African themes, in Tampa, Florida. In 1975 (the same year August A. Busch III replaced his father as CEO) the company added a second Busch Gardens amusement parkâthis one with historical European themesânear Williamsburg, Virginia. In 1980, Anheuser-Busch opened Sesame Place, an amusement park with a Sesame Street television show theme, near Philadelphia, Pennsylvania.

The companyâs theme parks division would double its size in 1989 with the purchase of SeaWorld, which at the time owned and operated four marine lifeâfocused theme parks (plus two other parks that the company would shed soon after the acquisition).
In 1996, Anheuser-Busch sold its interest in the St. Louis Cardinals to a group of private investors led by businessman William DeWitt. The team would continue to play its home games at Busch Stadium (which in 2005 would be replaced by a new ballpark, also called Busch Stadium).
Anheuser-Busch, which spent many years as the worldâs largest brewer, was surpassed in 2004 by InBev, a corporation formed by the merger of AmBev and Interbrew. Anheuser-Busch remained the largest in terms of revenue, however. The firm diversified into such industries as aluminum recycling, real estate development, turf farming, label printing, and the processing of raw materials such as rice and malt.
But the biggest change would come in July 2008, when Anheuser-Busch agreed to be purchased by InBev for approximately $52 billion. After the takeover was finalized in November, the newly formed Anheuser-Busch InBev became the worldâs largest brewer. The following year, Busch Entertainment (the catch-all name for the theme park division) was sold to private equity group Blackstone for an estimated $2.7 billion. Blackstone would spin it into a new company, SeaWorld Entertainment, which would change its name to United Parks and Resorts (PRKS) in 2024.
Anheuser-Busch Companies, LLC operates as a wholly owned subsidiary of Anheuser-Busch InBev. In addition to its legacy Budweiser, Bud Light, Michelob, Natural Light, and Busch labels, the company operates brands such as Stella Artois, Landshark, Hoegaarden, and Presidente (which is co-owned by former New York Yankees slugger Alex Rodriguez). The company has also acquired several craft brewery brands such as Goose Island, Elysian Brewing, and Wicked Weed, and also branched out into non-beer alcoholic beverages such as hard seltzer and canned cocktails.
This article was most recently revised and updated by Doug AshburnThis article was most recently revised and updated by The Editors of Encyclopaedia Britannica