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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."
Molson Coors was created by the merger of two of North America's largest breweries: Molson of Canada, and Coors of the United States, on February 9, 2005. [1] Molson Coors acquired full ownership of the Miller brand portfolio from SABMiller in 2016. [2]
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 Miller Brewing Company is an American brewery and beer company in Milwaukee, Wisconsin.It was founded in 1855 by Frederick Miller. Molson Coors acquired the full global brand portfolio of Miller Brewing Company in 2016, [1] [2] and operates the Miller Brewery at the site of the original Miller Brewing Company complex.
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 is owned by SABMiller." [36] The merger (AB InBev acquisition of SABMiller), closed on 10 October 2016.
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]
All of the Miller brands and subsidiaries were sold to Molson Coors on October 11, 2016 as required by regulators before the forming of the new company, Anheuser-Busch InBev SA/NV. [23] [24] [25] All of those brands are now made by Miller Brewing Company, a subsidiary 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." The agreement made Molson Coors the world's third largest brewer. [7] In Canada, Molson Coors regained the right (from the former SABMiller) to make and market Miller Genuine Draft and Miller Lite. [34]