Formerly | Molson Coors Brewing Company (2005–2019) |
---|---|
Company type | Public |
Industry | Drink industry |
Founded | |
Headquarters | 250 South Wacker Drive, Chicago, Illinois, USA 1670 Rue Notre-Dame East, Montréal, Quebec, Canada |
Key people |
|
Products | Beer, malt beverages, energy drinks, spirits and wines |
Revenue | US$13.8 billion (2023) [1] |
US$1.44 billion (2023) [1] | |
US$956 million (2023) [1] | |
Total assets | US$26.4 billion (2023) [1] |
Total equity | US$13.4 billion (2023) [1] |
Number of employees | 17,700 (2023) [1] |
Divisions |
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Subsidiaries | |
Website | molsoncoors |
Molson Coors is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois, with main offices in Golden, Colorado, and Montreal, Quebec. [2]
Molson Coors was formed in 2005 through the merger of Molson of Canada, and Coors of the United States. [3]
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]
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 the brands and brewing operations of the Molson Brewery and the Coors Brewing Company. [7] [3] 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. [8]
The operations of Molson Coors in Brazil were sold to the Mexican group FEMSA in 2006, and 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. [9]
On February 2, 2011, the company purchased Sharp's Brewery of Cornwall in England for £20 million. [10]
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. [11]
In September 2015, Anheuser-Busch Inbev announced that it had reached agreement to acquire competitor SABMiller for $107 billion. During the merger discussions between 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." [12]
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 was completed on October 11, 2016. [13] As per the agreement with the regulators, SABMiller sold to Molson Coors full ownership of the Miller Brewing Company brand portfolio. [14]
After SABMiller divested itself of all interests in MillerCoors, Molson Coors became the largest brewer in North America [15]
On October 30, 2019, the company announced it would change its name to Molson Coors Beverage Company as a part of a restructuring to take place in 2020. [16] 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. [17] [18]
On February 26, 2020, six people, including the shooter, were killed at a shooting near the company's Milwaukee brewing campus. [19] [20] 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. [21]
On September 15, 2020, Molson Coors and D. G. Yuengling & Son announced 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. [22]
In 2023, Molson Coors established Coors Spirits Co., offering Five Trail Blended American Whiskey in 2021, among others.[ citation needed ]
The company brews, markets and sells 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, the management [23] consisted of the following:
The examples and perspective in this section may not represent a worldwide view of the subject.(April 2013) |
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. [24]
Molson Coors conducted 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. [25]
The United States government had thought that Coors 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. [26]
Although Molson Coors said they did not know about 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 CO2 emissions, energy consumption, and water consumption. [27]
In an in-depth analysis of the climate change "countermovement", the Coors Affiliated Foundation was listed among the top donors, having funded roughly 1% (US$6.2 million) of all climate denial research conducted between 2003 and 2010. [28] [29]
Foster's Lager is an internationally distributed brand of Australian lager. It is owned by the Japanese brewing group Asahi Group Holdings, and is brewed under licence in a number of countries, including its biggest market, the UK, where the European rights to the brand are owned by Heineken International.
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, and operates the Miller Brewery at the site of the original Miller Brewing Company complex.
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. The first Coors brewery location in Golden, Colorado is the largest single brewing facility operating in the world.
Anheuser-Busch Companies, LLC is an American brewing company headquartered in St. Louis, Missouri. Since 2008, it has been wholly owned by Anheuser-Busch InBev SA/NV, now the world's largest brewing company, which owns multiple global brands, notably Budweiser, Michelob, Stella Artois, and Beck's.
The Molson Brewery is a Canadian-based brewery based in Montreal and was established in 1786 by the Molson family. In 2005, Molson merged with the Adolph Coors Company to become Molson Coors.
South African Breweries is a major brewery headquartered in Johannesburg, South Africa and was a wholly owned subsidiary of SABMiller until its interests were sold to Anheuser-Busch InBev on 10 October 2016. South African Breweries is now a direct subsidiary of Anheuser-Busch InBev SA/NV.
SABMiller plc was a South African multinational brewing and beverage company headquartered in Woking, England on 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 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 is a business division of AB InBev, a Belgian multinational corporation with headquarters in Leuven.
Foster's Group Pty. Ltd. was an Australian beer group with interests in brewing and soft drinks, known for Foster's Lager, now called Carlton & United Breweries since the company was renamed in 2011. Foster's was founded in 1888 in Melbourne, Victoria by two American brothers, who sold the brewery a year later.
Bass Brewery was founded in 1777 by William Bass in Burton-upon-Trent, Staffordshire, England. The main brand was Bass Pale Ale, once the highest-selling beer in the UK. By 1877, Bass had become the largest brewery in the world, with an annual output of one million barrels. Its pale ale was exported throughout the British Empire, and the company's red triangle became the UK's first registered trade mark.
Castle Brewery is one of the oldest commercial breweries in South Africa. As company-endorsed legend would have it, the company was founded by Charles Glass in Johannesburg in 1894. UCT history professor Anne Kelk Mager has argued that the official SAB story overemphasized the role of Charles and that it was his wife Lisa Glass who was primarily responsible for the creation of Castle. It later merged with other breweries to form South African Breweries, which still later merged with Miller of the United States to form SABMiller.
Carlton & United Breweries (CUB) is an Australian brewing company based in Melbourne and owned by Japanese conglomerate Asahi Breweries. Its notable brands include Victoria Bitter, Carlton Draught, Foster's Lager, Great Northern, Resch's, Pure Blonde and Melbourne Bitter.
Beer was introduced to Canada by European settlers in the seventeenth century. The first commercial brewery was La Brasseries du Roy started by New France Intendant Jean Talon, in Québec City in 1668. Many commercial brewers thrived until prohibition in Canada. The provincial and federal governments' attempt to eliminate "intoxicating" beverages led to the closing of nearly three quarters of breweries between 1878 and 1928. It was only in the second half of the twentieth century that a significant number of new breweries opened up. The Canadian beer industry now plays an important role in Canadian identity, although globalization of the brewing industry has seen the major players in Canada acquired by or merged with foreign companies, notably its three largest beer producers: Labatt, Molson and Sleeman. The result is that Moosehead, with an estimated 3.8 percent share of the domestic market in 2016, has become the largest fully Canadian-owned brewer.
The Jacob Leinenkugel Brewing Company, doing business as Leinenkugel's, is an American beer maker based in Chippewa Falls, Wisconsin. Leinenkugel's was historically distributed only in the Upper Midwest, but is now available throughout all 50 states. The company is the seventh oldest brewery in the United States, and the oldest business in Chippewa Falls. It is a subsidiary of Molson Coors. It produces both traditional beers, including lagers and ales, as well as a popular line of shandies, which are a mixture of beer with fruit juices, such as lemonade.
In the United States, beer is manufactured in breweries which range in size from industry giants to brew pubs and microbreweries. The United States produced 196 million barrels (23.0 GL) of beer in 2012, and consumes roughly 28 US gallons (110 L) of beer per capita annually. In 2011, the United States was ranked fifteenth in the world in per capita consumption, while total consumption was second only to China.
SABMiller was one of the top five global brewing companies, and had a range of over 150 beers, including international beers such as Pilsner Urquell, and Miller Genuine Draft, and local ones such as Gambrinus and Castle Milk Stout.
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.
Anheuser-Busch InBev SA/NV, commonly known as AB InBev, is a Belgian-Brazilian multinational drink and brewing company based in Leuven, Belgium and is the largest brewer in the world. In 2023, the company was ranked 72nd in the Forbes Global 2000. Additionally, AB InBev has a global functional management office in New York City, and regional headquarters in São Paulo, London, St. Louis, Mexico City, Bremen, Johannesburg, and others. It has approximately 630 beer brands in 150 countries.
InBev was a brewing company that resulted from the merger between Belgium-based company Interbrew and Brazilian brewer AmBev which took place in 2004. It existed independently until the acquisition of Anheuser-Busch in 2008, which formed Anheuser-Busch InBev. InBev had operations in over 30 countries and sales in over 130 countries. In 2006, it had a market capitalization of €30.6 billion and net profit of €3.2 billion on sales of €13.3 billion.
The city of Milwaukee in the U.S. state of Wisconsin has been associated with beer throughout its history. This heritage can be found in its Major League Baseball team, the Milwaukee Brewers, and on beer brands such as Old Milwaukee and Milwaukee's Best. The city's major brewers have included Miller, Pabst, and Schlitz. MillerCoors, the city's largest brewery, produces 10 million barrels of beer a year.
Becomes World's Third Largest Brewer by Enterprise Value and Strengthens Position in Highly Attractive U.S. Beer Market