Misplaced Pages

MillerCoors

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

MillerCoors was a beer brewing company in the United States. MillerCoors was formed in 2008 as a joint venture between SABMiller and Molson Coors to combine their brewing , marketing and sales operations in the United States . The company was acquired by Molson Coors in 2016. In 2019 it was announced that MillerCoors and Molson Coors Canada would be consolidated into a single business unit under the name Molson Coors North America.

#271728

52-619: MillerCoors was announced as a joint venture between SABMiller and Molson Coors in October 2007 and was approved by regulators on June 5, 2008. The venture was completed on June 30, 2008, and MillerCoors began operation on July 1, 2008. On September 14, 2015, MillerCoors announced that it would shut down its Eden, North Carolina brewery in September 2016 due to declining corporate sales. The company has newer plants in Virginia and Georgia that will serve

104-446: A joint venture to oversee the expansion of Yuengling beer into states beyond its existing footprint. Under the terms of the deal, Yuengling beers will be brewed and packaged in select Molson Coors’ breweries under Yuengling brewers’ supervision, and distributed into new markets. In 2023, Molson Coors established Coors Spirits Co., offering Five Trail Blended American Whiskey in 2021, among others. The company brews, markets and sells

156-547: A comprehensive, and voluntary investigation of its pollution and environmental emissions. Coors was not violating the Clean Air Act but was encouraged by the Environmental Audit Privilege and Voluntary Disclosure Act which immunizes and credits organizations for conducting environmental self-audits, which can grant immunity from environmental regulation fines. The United States government had thought that Coors

208-555: A joint venture to be known as MillerCoors . US antitrust regulators approved the joint venture on 5 June 2008. The merger was completed on 30 June 2008 and MillerCoors began operation as a combined entity on 1 July 2008. The combined venture was headquartered in Chicago , Illinois . Prior to the sale to Anheuser-Busch Inbev in October 2016, the brands included: Miller Lite , Miller Genuine Draft , Olde English 800 , Milwaukee's Best , Miller Chill , Hamm's , and Leinenkugel . As per

260-716: A joint venture to produce beverages in the United States . The company became engaged in the hostile takeover of Fosters in August 2011, and in September 2011 the board of Foster's agreed to a takeover bid valuing the company at A$ 9.9bn (US$ 10.2bn; £6.5bn). The deal was completed by the end of 2011, but excluded the Foster's lager brand in the UK and Europe, where it is owned by Heineken . In November 2011, SABMiller launched Impala Cervejas in Africa ,

312-415: A new UK -based holding company, SAB plc, and moved its primary listing to London. In May 2002, SAB plc acquired Miller Brewing , forming SABMiller plc. The acquisition of SABMiller by Anheuser-Busch InBev on 10 October 2016 ended the corporate use of the name SABMiller; this entity became a business division of Anheuser-Busch InBev SA/NV. Anheuser-Busch InBev SA/NV (abbreviated as AB InBev) began trading on

364-441: A number of sustainable development initiatives across its companies and in the countries in which it operates. They use new lightweight bottles that use 30 per cent less glass. The lightweight bottles are designed to not only reduce the amount of waste materials but also cut down on energy used in production and distribution reducing the company's carbon emissions. SABMiller submits to a number of third party annual reports that review

416-606: A part of a restructuring to take place in 2020. The name change would reflect the company's growing focus on beverages outside of the traditional beer and brewing offerings. Additionally, the company would retire the MillerCoors corporate brand name and reorganize its global business units into Molson Coors North America, headquartered in Toronto , and Molson Coors Europe, headquartered in Prague . On February 26, 2020, six people, including

468-476: A partial buy-back from Tsogo Sun. SABMiller's stake at the time was valued at approximately ZAR11.7 billion (US$ 1.09 billion). In September 2014, the company made an unsuccessful attempt to acquire a controlling stake in Dutch rival Heineken International , a move Bloomberg states was part of SABMiller's strategy to protect itself from a potential takeover bid from Anheuser-Busch InBev . On 27 November 2014, it

520-559: Is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois, with main offices in Golden, Colorado , and Montreal, Quebec . Molson Coors was formed in 2005 through the merger of Molson of Canada, and Coors of the United States. In 2016, Molson Coors acquired Miller Brewing Company for approximately US$ 12 billion. The agreement made Molson Coors

572-637: Is a business division of AB InBev, a Belgian multinational corporation with headquarters in Leuven . SABMiller was founded as South African Breweries in 1895 to serve a growing market of miners and prospectors in and around Johannesburg . Two years later, it became the first industrial company to list on the Johannesburg Stock Exchange . From the early 1990s onwards, the company increasingly expanded internationally, making several acquisitions in both emerging and developed markets. In 1999, it formed

SECTION 10

#1732851987272

624-733: Is now a distinct entity, a direct subsidiary of Anheuser-Busch InBev SA/NV which had made commitments to the South African Competition Tribunal to maintain a stable employee level. The soft drink division was a large producer of products for The Coca-Cola Company in Africa, although operations in Zambia, Zimbabwe, Botswana, Swaziland and Lesotho were sold to the Coca-Cola Company in late 2016. According to recent reports, Coca-Cola paid $ 3.15 billion to acquire AB InBev's stake (from

676-449: Is one of the world's largest brewers, with brewing interests and distribution agreements across six continents. In August 2016, after the plans for acquiring SABMiller had been established by Anheuser-Busch InBev, the company said it would close SABMiller's regional offices in Miami , Hong Kong and Beijing after the acquisition deal closed in October 2016. Plans had not yet been revealed for

728-569: Is owned by SABMiller." As per the agreement with the regulators, the former SABMiller sold to Molson Coors full ownership of the Miller brand portfolio outside of the U.S. and Puerto Rico for US$ 12 billion on 11 October 2016. Molson Coors also retained "the rights to all of the brands currently in the MillerCoors portfolio for the U.S. and Puerto Rico." The agreement made Molson Coors the world's third largest brewer. In Canada, Molson Coors regained

780-638: The Czech Republic , Slovakia , Hungary and Romania to Asahi for US$ 7.8 billion. The deal includes popular brands such as Pilsner Urquell , Tyskie , Lech, Dreher , Ursus, Timisoreana and Kozel. The breweries in the sale include Pilsner Urquell, Kompania Piwowarska , Ursus, Topvar and Dreher. SABMiller first entered the Latin American market with the acquisition of Cervecería La Constancia from El Salvador and Cervecería Hondureña in Honduras, making

832-790: The London Stock Exchange to raise capital for acquisitions, the group purchased the Miller Brewing Company in North America from the Altria Group in 2002, and changed its name to SABMiller. Following this, the group's next major acquisition was of a major interest in Bavaria S. A. , South America's second largest brewer and owner of the Aguila and Club Colombia brands in 2005. In 2008, SABMiller and Molson Coors created MillerCoors ,

884-570: The Matilda Bay Brewing Company portfolio. As part of the agreements made with regulators before Anheuser-Busch InBev was allowed to acquire SABMiller, the company sold the Peroni, Meantime and Grolsch brands to Asahi Breweries of Japan on 13 October 2016. After acquiring SABMiller, Anheuser-Busch InBev SA/NV agreed on 21 December 2016 to sell the former SABMiller Ltd. business in Poland ,

936-468: The Anheuser Busch Inbev SA/NV as its Africa hub. Operations in some of the following regions may also be affected by the Anheuser Busch Inbev SA/NV owners in future. SABMiller's brewing operations in Africa spanned 31 countries. In China, the group's national brand, Snow beer , was produced in partnership with China Resources Enterprise Limited, with SABMiller owning 49 per cent; this is

988-767: The Brussels Stock Exchange as ABI, as BUD on the New York stock exchange and as ANH on the Johannesburg market. SABMiller ceased trading on global stock markets The company divested itself of its interests in the MillerCoors beer company to Molson Coors . On 21 December 2016, the company agreed to sell the former SABMiller Ltd. business in Eastern Europe to Asahi Breweries . AB InBev had previously agreed to sell Grolsch Brewery , Peroni Brewery and Meantime Brewery to Asahi; that deal closed on 12 October 2016. On

1040-567: The Eden plant's distribution area. In May 2016, the Milwaukee Journal Sentinel reported that Pabst Brewing Company and Blue Ribbon Intermediate Holdings filed a lawsuit because Pabst wanted to continue making its beers in Eden. During the merger discussions between Molson Coors and SABMiller in 2015, the U.S. Department of Justice (DOJ) agreed to the proposed deal only on the basis that SABMiller "spins off all its MillerCoors holdings in

1092-512: The Miller brands by selling its stake in MillerCoors to Molson Coors . On October 11, 2016, SABMiller sold its stake in MillerCoors for around US$ 12 billion after the company was acquired by Molson Coors, making Molson Coors the 100 percent owner of MillerCoors. Molson Coors also retained "the rights to all of the brands currently in the MillerCoors portfolio for the U.S. and Puerto Rico, including Redd's and import brands such as Peroni, Grolsch and Pilsner Urquell." The agreement made Molson Coors

SECTION 20

#1732851987272

1144-1317: The Molson Coors portfolio of brands. Molson Coors operates breweries across the world, including the Molson Brewery in Longueuil, Quebec , Blue Moon Brewing Company in Denver, Colorado , Borsodi Brewery in Bőcs , Hungary, Coors Brewery in Golden, Colorado , Creemore Springs Brewery in Creemore, Ontario , Fraser Valley Brewery in Chilliwack, British Columbia , Leinenkugel Brewery in Chippewa Falls, Wisconsin , Miller Brewery in Milwaukee, Wisconsin , Pardubice Brewery in Pardubice , Czech Republic, Staropramen Brewery in Prague , Czech Republic, and Coors Brewers in Burton upon Trent , England. Molson Coors operates through its business units Molson Coors North America and Molson Coors Europe. As of May 2022,

1196-416: The U.S.—which include both Miller- and Coors-held brands—along with its Miller brands outside the U.S." The entire ownership situation was complicated: "In the United States, Coors is majority owned [58%] by MillerCoors (a subsidiary of SABMiller) and minority owned by Molson Coors, though internationally it's entirely owned by Molson Coors, and Miller is owned by SABMiller." SABMiller agreed to divest itself of

1248-479: The agreement with the regulators prior to the 2016 sale, the company sold to Molson Coors full ownership of the Miller brand portfolio outside of the U.S. and Puerto Rico for US$ 12 billion. Molson Coors also retained "the rights to all of the brands currently in the MillerCoors portfolio for the U.S. and Puerto Rico." Before the acquisition by AB InBev on 10 October 2016, the SABMiller brands included some classified by

1300-421: The basis that SABMiller "spins off all its MillerCoors holdings in the U.S. — which include both Miller- and Coors-held brands – along with its Miller brands outside the U.S." The entire ownership situation was complicated: "In the United States, Coors is majority owned by MillerCoors (a subsidiary of SABMiller) and minority owned by Molson Coors, though internationally it’s entirely owned by Molson Coors, and Miller

1352-438: The beer operations of FEMSA was acquired by Heineken International in 2010. On October 9, 2007, SABMiller and Molson Coors Brewing Company announced a joint venture to be known as MillerCoors for their U.S. brewing and sales operations. SABMiller had 58% stake in the company, and Molson Coors had a 42% stake. MillerCoors combined their operations within North America with the headquarters in Chicago. On February 2, 2011,

1404-647: The brands and brewing operations of the Molson Brewery and the Coors Brewing Company . Molson Brewery was started by John Molson in Montreal , Canada, in 1786. Coors Brewing Company was started by Adolph Coors in Golden, Colorado , United States, in 1873. Molson Coors bought Creemore Springs Brewery on April 22, 2005. The operations of Molson Coors in Brazil were sold to the Mexican group FEMSA in 2006, and

1456-581: The company as "global beers", which are the flagships of SAB Miller: Foster's made in Australia, Pilsner Urquell from the Czech Republic, Tyskie made in Poland and Miller Genuine Draft . All of the Miller brands were sold to Molson Coors on 11 October 2016. Pilsner Urquell and Tyskie are among the brands being sold to Asahi Breweries . SAB Miller also owned over 150 market-leading local brands. The company

1508-527: The company purchased Sharp's Brewery of Cornwall in England for £20 million. In early 2012, the company expanded into the Central and Eastern European markets by acquiring the region's market-leading brewery StarBev from CVC Capital Partners . In September 2015, Anheuser-Busch Inbev announced that it had reached agreement to acquire competitor SABMiller for $ 107 billion. During the merger discussions between

1560-674: The company the first international brewer to enter Central America. Since then, the group has expanded its Latin American operations into six countries, including Colombia , Ecuador , Panama and Peru . Lager brands include: Isenbeck ( Argentina ), Aguila, Club Colombia, Costeña, Poker, Pilsen (Colombia), Cristal, Pilsen Callao , Pilsen Trujillo , Cusqueña , Arequipeña (Peru), Pilsener, Club (Ecuador), Pilsener, Regia, Suprema, Golden Light (El Salvador), Port Royal, Salva Vida, Imperial, Barena (Honduras), Atlas (Panama), and Balboa (Panama). On 9 October 2007, SABMiller and Molson Coors announced

1612-533: The company's environmental record. The corporation provides links to such reports on their own website. Like many multinationals, SABMiller has attracted close scrutiny for its adherence to the corporate social responsibilities it espouses. One major study, undertaken by BioMed Central and published in 2013, examined the global CSR of three of the biggest manufacturers of alcohol - Pernod Ricard , SABMiller and AB InBev - and concluded it amounted to 'the illusion of righteousness'. Molson Coors Molson Coors

MillerCoors - Misplaced Pages Continue

1664-493: The first commercially produced cassava beer, although Africans have been making cassava home brews for generations. The taste is described as "somewhat bitter, somewhat tangy, not sweet". In 2013, the company joined leading alcohol producers as part of a producers' commitments to reducing harmful drinking. In July 2014, the company announced it was divesting its 39.6 per cent stake in casino and hotel group Tsogo Sun Holdings Limited through institutional share placements and

1716-588: The former SABMiller) in Coca-Cola Beverages Africa . In September 2011, the board of Foster's Group agreed to a takeover bid by SABMiller, valuing the company at A$ 9.9bn (US$ 10.2bn; £6.5bn). The Foster's Group, now known as Carlton & United Brewing was a direct subsidiary of Anheuser-Busch InBev SA/NV until July 2020 when it was sold to Asahi Global. Brands include: Carlton Draught , Cascade Draught (see Cascade Brewery ), Foster's Lager , Melbourne Bitter , Pure Blonde , Victoria Bitter , and

1768-458: The group. A tentative deal was announced on 13 October 2015. The US$ 107 billion merger between AB InBev and SABMiller closed on 10 October 2016. The new company, Anheuser-Busch InBev SA/NV is now the world's largest beer company. The target annual sales for the new company is US$ 55 billion. During the merger discussions between Anheuser-Busch InBev and SABMiller in 2015, the U.S. Department of Justice (DOJ) had agreed to proposed deal only on

1820-856: The leading brand by volume in China. Before acquiring SAB Miller, AB InBev had agreed to sell its interests in Snow to China Resources Beer (Holdings) Co for $ 1.6 billion to satisfy regulators. The deal closed on 12 October 2016. SABMiller was the second-largest brewer in India and had joint ventures in Vietnam and Australia . South Africa was SABMiller's most established market with brands including Castle Lager , Castle 1895, Castle Milk Stout, Hansa Marzen Gold, Hansa Pilsener, Carling Black Label , Carling Blue Label, Castle Lite, Redd's, Peroni , Brutal Fruit, Flying Fish, Liberado, and Carver's Weiss. The South African Breweries company

1872-449: The management consisted of the following: Notable brands include Blue Moon , Carling , Coors Banquet, Keystone, Coors Light , George Killian's Irish Red , Granville Island Brewing , Hamm's , Hop Valley, Leinenkugel's , Miller High Life, Miller Lite , Milwaukee's Best , Molson Canadian , Molson Export , Steel Reserve , Terrapin , Vizzy Hard Seltzer , Trebjesa brewery , Staropramen and Ožujsko pivo . Molson Coors conducted

1924-613: The operation in Zug, Switzerland which controlled SABMiller's central & eastern European beer brands. However, the subsequent sale of much of the business in such countries to Asahi Breweries may affect the Zug operation. The office in Woking (UK) was expected to remain open for a transitional period but the HQ in London's Stanhope Gate would close. The office in Johannesburg was expected to remain open for use by

1976-436: The outskirts of London until 10 October 2016 when it was acquired by AB InBev for US$ 107-billion. It was the world's second-largest brewer measured by revenues (after Anheuser-Busch InBev) and was also a major bottler of Coca-Cola . Its brands included Foster's , Miller , and Pilsner Urquell . It operated in 80 countries worldwide and in 2009 sold around 21 billion litres of beverages. Since 10 October 2016, SABMiller

2028-451: The proposed venture. In May 2015, SABMiller announced it would acquire British brewery company Meantime Brewing for an undisclosed fee. On 16 September 2015, Anheuser-Busch InBev made the acquisition bid for SABMiller that would unite the world's two biggest beermakers and control about half the industry's profit. The deal, however, would need to go through several regulatory hurdles which would require certain operations to be spun off

2080-456: The right (from the former SABMiller) to make and market Miller Genuine Draft and Miller Lite. The company agreed to sell the former SABMiller Ltd. business in Eastern Europe to Asahi Breweries . This deal closed on 21 December 2016. Anheuser-Busch InBev had previously agreed to sell Grolsch Brewery , Peroni Brewery and Meantime Brewery to Asahi; that deal closed on 12 October 2016. On

2132-462: The same day, the sale of SABMiller's 49 per cent share in Snow beer to China Resources Enterprise also closed. In July 2020, ABI-InBev agreed to sell the former SABMiller business Carlton & United Brewing to Asahi. SABMiller grew from its original South African base into a global company with operations in both developed markets and emerging economies such as Eastern Europe, China and India . It

MillerCoors - Misplaced Pages Continue

2184-638: The same day, the sale of SABMiller's 49 per cent share in the world's largest volume beer brand, Snow beer to China Resources Enterprise was also closed. Anheuser-Busch InBev SA/NV is also selling much of an SABMiller's subsidiary that was bottling and distributing Coca-Cola to the Coca-Cola Company . The affected regions include Zambia , Zimbabwe , Botswana , Swaziland , Lesotho , El Salvador and Honduras . Companies such as South African Breweries and Carlton & United Brewing that were subsidiaries of SABMiller, and were not sold after SABMiller

2236-416: The shooter, were killed at a shooting near the company's Milwaukee brewing campus. The Milwaukee complex serves as a site for some of Molson Coors' corporate offices and brewing facilities and was in the "Miller Valley" area, which served as the headquarters for the Miller Brewing Company before it was acquired by Molson Coors. On September 15, 2020, Molson Coors and D. G. Yuengling & Son announced

2288-496: The two companies in 2015, the U.S. Department of Justice (DOJ) had agreed to the proposed deal only on the basis that SABMiller "spins off all its MillerCoors holdings in the U.S. — which include both Miller- and Coors-held brands — along with its Miller brands outside the U.S." SABMiller agreed to divest itself of the Miller brands by selling its stake in MillerCoors to Molson Coors. The merger between Anheuser-Busch Inbev and SABMiller closed on October 10, 2016. The spinoff deal

2340-480: The volatile organic compounds they were emitting, they do claim to be environmentally aware. Coors has also implemented a quarterly Supplier Quality Scorecard for their growers which tracks sustainable performance metrics such as CO 2 emissions, energy consumption, and water consumption. In an in-depth analysis of the climate change "countermovement", the Coors Affiliated Foundation was listed among

2392-614: The world's third largest brewer. Molson Coors is a publicly traded company on both the New York Stock Exchange and Toronto Stock Exchange . Molson Coors has been a constituent of the S&;P500 since 2005. On July 22, 2004, Molson, Inc . and the Adolph Coors Company announced their plan to merge. The merger was completed February 9, 2005, with the merged company being named Molson Coors Brewing Company. The merger included

2444-543: The world's third largest brewer. On January 1, 2020, Molson Coors Brewing Company changed its name to Molson Coors Beverage Company . This was part of a corporate restructuring that reorganized the company's four business units into Molson Coors North America and Molson Coors Europe and retired the MillerCoors corporate brand name. SABMiller SABMiller plc was a Anglo-South African multinational brewing and beverage company headquartered in Woking , England on

2496-479: Was a minor violator of emissions such as volatile organic compounds (VOCs), but the investigating showed otherwise, revealing that Coors was 17 times over the estimated value of emissions. Molson Coors then provided the audit results to the Colorado Department of Health which culminated in a $ 1.05 million fine for the 189 violations of state pollution laws. Although Molson Coors said they did not know about

2548-644: Was acquired by Anheuser-Busch InBev SA/NV, are now subsidiaries of AB InBev. CUB was sold to Asahi in July 2020. The origins of the company date back to the foundation of South African Breweries in 1895 in South Africa. For many decades, the operations of South African Breweries were mainly limited to southern Africa, where it had established a dominant position in the market during South African Apartheid, until 1990 when it began investing in Europe . In 1999, after listing on

2600-435: Was announced that SABMiller, The Coca-Cola Company and Gutsche Family Investments had agreed to combine the bottling operations of their non-alcoholic ready-to-drink beverages businesses in southern and east Africa. The new bottler, Coca-Cola Beverages Africa , will serve 12 high-growth countries accounting for approximately 40 per cent of all Coca-Cola beverage volumes in Africa. SABMiller will hold 57 per cent shareholding in

2652-470: Was completed on October 11, 2016. As per the agreement with the regulators, SABMiller sold to Molson Coors full ownership of the Miller Brewing Company brand portfolio. After SABMiller divested itself of all interests in MillerCoors, Molson Coors became the largest brewer in North America On October 30, 2019, the company announced it would change its name to Molson Coors Beverage Company as

SECTION 50

#1732851987272

2704-482: Was one of the world's largest Coca-Cola bottlers and had carbonated soft-drink bottling operations in 14 markets. These were subsequently owned by the new Anheuser-Busch InBev SA/NV entity which is also a PepsiCo bottler. In December 2016, Coca-Cola Co. bought the Coca-Cola operations in Africa and in two Central American countries. The deal requires regulatory approval and should close by the end of 2017. SABMiller runs

#271728