11 American companies that are no longer American
At one time, there was nothing more American than sipping on an ice-cold Budweiser or biting into a Whopper. But those days are gone.
Times have changed and some of America’s most famous brands have fallen into foreign hands.
We put together a list of the most surprising and popular consumer companies that are no longer able to truly call themselves American.
Take a look below:
Current owner: Anheuser-Busch InBev, Belgian brewers
Don’t be fooled by Budweiser’s rebrand. The cans may say “America” on them, but this beer is now owned by a Belgian company.
The history of Budweiser dates back to the 1850s when a German, Adolphus Busch, moved to St. Louis and married the daughter of a local brewer, Eberhard Anheuser. The two became partners, but Busch eventually took over the business and created the light, crisp lager we have today. His brewery became the nation’s largest beer producer.
In 2008, the company was sold to Belgium beer conglomerate InBev for $52 billion.
Ben & Jerrys
Current owner: Unilever, Dutch-British consumer goods company
America’s iconic ice cream brand Ben & Jerry’s was started by best friends Ben Cohen and Jerry Greenfield after they purchased an old gas station and turned it into a scoop shop in 1978.
In 2000, the brand was bought by multinational consumer goods company Unilever for $326 million.
Current owner: Restaurant Brands International, Canadian fast-food company
In 1954 James McLamore and David Edgerton opened a small hamburger shop called “Insta Burger King” in Miami, selling 18-cent hamburgers and milkshakes. Three years later, they dropped the “Insta,” added a gas grill, and created the signature “Whopper” burger.
In 1967, the duo sold the chain to the Pillsbury Company and it became the second-largest burger chain in the US after McDonald’s. In the decades that followed, the chain changed hands several times after a series of mergers and acquisitions with its parent company, before going public in 2006. In 2010 it was sold to private-equity firm 3G Capital and went back to being privately owned.
Today, it’s part of Restaurant Brands International, a Canadian fast food company that was formed when Burger King merged with the Canadian coffee and doughnuts chain Tim Horton’s. It is still backed by 3G Capital.
Read the full article from it’s original source: http://uk.businessinsider.com/american-companies-that-are-no-longer-american-2017-6