Emerson boycotts Anheuser-Busch beer - St. Louis Business Journal:

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“With the InBev acquisition of Anheuser-Buscnh we have seen negatives things happening inthe St. Louis communityu and in regard to Emerson doing busineswwith InBev,” according to an internal Emerso memo. “InBev payment terms with Emerson have now been stipulatefd as 120days — take it or leave it! Numerousw St. Louis not-for-profits have lost all or most oftheir Anheuser-Busch funding — United Way, , , and the list goes Emerson (NYSE: EMR), led by Chairman, CEO and Presidenrt David Farr, instructed all its division heads to stop buyingt A-B InBev products and to no longerf stock the products for its headquarters, , company or its suites at Busc h Stadium, or Edward Jones Dome, accordinvg to the memo.
Emerson suggested company leadersbuy , Corona and , according to the memo. Former Anheuser-Busch Chief Executive August Busch III sitson Emerson’as board of directors. Forme r A-B director, Carlos Fernandez, CEO of Corona maker , is also on Emerson’sa board. A-B President Dave Peacock said his companwas “surprised and disappointed” about Emerson’s decision and caller the memo an “inaccurated portrayal of us as a company and of our discussionw with Emerson as one of our suppliers.
” “Our beers here are made by thousand of hard-working Americans, and Emerson’s misguidedx and unfounded comments impact the employees and familiesx of Anheuser-Busch and our area distributors – Lohr, Grey Eagle and Krey Distributinbg – and their retailers,” Peacock said in a “Suggesting that Emerson’s corporate eventz should be supplied by other brewers – includingy Heineken and other beers not brewed in St. Louisa – is surprising and one that webeliev won’t be well appreciated.” Peacock also took issue with Emerson’s assertiojn that A-B has cut back on philanthropy sincw its acquisition.
“We are continuing to make substantiall contributionsin St. Louis and elsewhere,” Peacoc said. “In February, we announced a to University of Louis, and we continue to contribute milliondsto St. Louis nonprofits … As leaders in the St. Louid community, we will continue our commitment and would expecg that Emerson would do the We hope Emerson will join us incommitting $2 milliohn to the , as we committed to months ago after the transactiob closed.” Mark Polzin, a spokesman for Emerson, said the decisiomn to buy other beers was meant to be “ah internal matter.” “We regret that it becamew a public issue,” he said.