On This Day In Finance: July 10 - Adolphus Busch Is Born

By Investopedia Staff | July 10, 2009 AAA
On This Day In Finance: July 10 - Adolphus Busch Is Born

On July 10, 1839, German-born American brewer Adolphus Busch was born. Busch was the youngest of 22 siblings and was raised in a family which worked in winery and brewery supplies. At age 18, he and three of his brothers left their native Germany and immigrated to America.

Settling in St. Louis, Missouri, Busch began to court young Lily Anheuser, whose father, Eberhard Anheuser, owned a small brewery named the E. Anheuser Brewery. Busch soon bought a share in Anheuser's company and the brewer we know today as Anheuser-Busch was born.

Anheuser-Busch revolutionized the brewery industry in America, becoming the first brewer to use pasteurization to keep beer fresh and the first to use refrigerated rail cars as well. Anheuser-Busch also introduced America's first national beer brand: Budweiser.

Today Anheuser-Busch is America's largest brewing company and a wholly-owned subsidiary of Anheuser-Busch InBev. The brewing industry's largest global brewer, Anheuser-Busch InBev is the company behind dozens of popular beer brands, including: Budweiser, Michelob, Becks and Labatt. (To learn more, see Why would a multinational conduct a vertical foreign direct investment?)

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