LYSANDER, N.Y. — Anheuser-Busch InBev (NYSE: BUD) today announced it will invest $10 million in its brewery in the town of Lysander to increase production of non-alcoholic products, primarily Teavana, and to install a new multi-packer machine.
Teavana is a tea brand owned by Starbucks (NASDAQ: SBUX). Anheuser-Busch InBev and Starbucks announced a partnership last year in which the brewer would produce and package a line of craft iced-tea products for the coffee company.
The Lysander investment is part of more than $500 million in capital investments Anheuser-Busch InBev said it is making in 2017 in its U.S. breweries, distribution centers, and packaging and innovation projects, according to a news release the global brewing giant issued today. The company’s total spending on these facilities will reach $2 billion by 2020.
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The new investment announcement comes less than two years after Anheuser-Busch InBev had announced plans to invest $4.5 million in the Lysander factory, part of $1.5 billion in overall spending on the firm’s U.S. brewing, agriculture, packaging, and distributing operations by 2018. That project included enabling the Lysander plant to produce the new Mixxtails bottled product and the new Bud Light Lime bottle, the company said in 2015.
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