BEVCOMMUNITY

Connect with the local beverage industry. Trade news, trends and insights.

Molson Coors Completes Acquisition, Ownership of MillerCoors

By November 25, 2016Top News

molsoncoors-logoMolson Coors Brewing Company completed the acquisition of SABMiller with a 58-percent stake in MillerCoors LLC., now making Molson Coors the third largest global brewer by enterprise value. Molson Coors gained full ownership of the Miller brand portfolio outside of the U.S. and Puerto Rico, as well as retained the rights to all brands currently in the MillerCoors portfolio in the U.S and Puerto Rico, including Redd’s, Peroni, Grolsch and Pilsner Urquell. “[This] represents a historic moment in the evolution of Molson Coors as we emerge as the world’s third largest brewer by bringing together Molson Coors and MillerCoors into a bigger, better organization,” stated Mark Hunter, President and Chief Executive Officer of Molson Coors.

« | »