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The Coors Brewing Company is an American brewery and beer company based in Golden, Colorado, that was founded in 1873. In 2005, Adolph Coors Company , the holding company that owned Coors Brewing, merged with Molson , Inc. to become Molson Coors . [ 1 ]
In 2016, Molson Coors acquired Miller Brewing Company for approximately US$12 billion. [4] The agreement made Molson Coors the world's third largest brewer. [5] 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. [6]
The Adolph Coors Company was formerly a holding company in Golden, Colorado controlled by the heirs of founder Adolph Coors. Its principal subsidiary was the Coors Brewing Company. The brewery was founded in 1873. [1] In 2005, Adolph Coors Co. merged with Molson, Inc. to become the Molson Coors Brewing Company. [2]
Beer sales at retailers fell 0.6% to $45.65 billion in 2024, according to research firm Circana data given to Brewbound. The domestic premium category, which includes Coors Light, was one of the ...
Detroit-based Atwater Brewery was founded in 1997. It is the largest craft brewery in Detroit and the fourth largest craft brewery in Michigan. [7] Tenth and Blake Beer Company, the craft brewery division of Molson Coors, acquired Atwater Brewery in 2020. [7] [8] [9] At its peak, Atwater Brewery distributed products in over twenty states.
Of the three alcoholic beverage stocks, I personally see the most value in Molson Coors, which at a price-to-earnings ratio of less than 13 and paying a 3% dividend, might actually end up being ...
Coors Light has been a fixture in beer coolers since 1978. Coors Light was first brewed in 1941 but was soon discontinued. It was reintroduced in 1978 as a "diet-beer" alternative to Miller Light ...
By February 1874, they were producing beer for sale. In 1880, Coors purchased Schueler's interest, and the brewery was renamed Adolph Coors Golden Brewery. [4] When Prohibition began in Colorado in 1916, he converted his brewery to make malted milk. The company also manufactured porcelain and ceramic products made from clay mined in Golden.