Three Coins Beer

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Three Coins
Three Coins Beer.jpg
TypePale Lager
ManufacturerMcCallum Breweries (Ceylon) Ltd
Country of origin Sri Lanka
Introduced1962
Alcohol by volume 4.8%
Website Official website

Three Coins is a Sri Lankan beer brewed by McCallum Breweries (Ceylon) Ltd, a subsidiary of Cargills Ceylon PLC.

Contents

History

McCallum Brewery Limited was established in 1962 [1] by the U. K. Edmund in Meegoda (a suburb of Colombo). In February 2011 Cargills Ceylon PLC acquired the McCallum Brewery via Cargill’s 100% owned subsidiary Millers Brewery Ltd for Rs. 1.425 billion. [2] [3] The Cargills Group subsequently spent Rs. 2 billion upgrading the brewery, [4] increasing the capacity from 50,000hL/yr to 600,000hL/yr. [5] [6] In June 2014 it was reported that Cargills was preparing to sell Millers Brewery, [7] the likely purchasers of the company include Distilleries Company of Sri Lanka PLC and Carson Cumberbatch PLC. [8] In November 2014 it was announced that Lion Brewery had purchased Millers Brewery Limited from Cargills for Rs 5.15 billion and would commence the brewing of the Millers Brewery products at its facility in Biyagama, with production at the Meegoda plant ceasing temporarily pending further evaluation. [9] [10]

Varieties

Millers Brewery also brews Fosters under license from Carlton & United Breweries Ltd. [13]

See also

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References

  1. "Company Overview of McCallum Breweries (Ceylon) Pvt Ltd". Bloomberg Business. Retrieved 4 February 2015.
  2. "Cargills to buy McCallum Breweries and Three Coins Company". GlobalMalt GmbH & Co. 8 February 2011. Retrieved 18 June 2014.
  3. "Enhancing capacity at the 3 Coins brewery". The Sunday Times . 13 February 2011. Retrieved 18 June 2014.
  4. "Millers Brewery charters vessel to ship brewery for large scale expansion". Sunday Observer . 4 March 2012. Retrieved 18 June 2014.
  5. "Sri Lanka's Cargills to increase beer production". NEWS360.lk. 29 August 2012. Retrieved 18 June 2014.
  6. "Cargills to Expand Beer Biz". The Nation . 2 September 2012. Retrieved 18 June 2014.
  7. "Cargills Mulls Beer Business". The Sunday Times . June 2014. Retrieved 18 June 2014.
  8. "Cargills divests itself of 3 Coins Beer". ProFIT.lk. 11 June 2014. Retrieved 18 June 2014.
  9. "Sri Lanka's Millers Brewery goes to Lion". Ada Derana Biz. 3 November 2014. Retrieved 4 February 2015.
  10. "Sri Lanka's Carson group completes acquisition of Millers Brewery". ColomboPage. 1 November 2014. Retrieved 4 February 2015.
  11. de Silva, Chittaranjan (6 March 2001). "McCallum's targets Asia-Pacific Region". The Island. Retrieved 19 June 2014.
  12. Montgomery, Angus (20 July 2009). "Mark Rogerson brands high-strength Sri Lankan beer". Design Week. Retrieved 19 June 2014.
  13. "Millers to brew Fosters Lager Here". Daily FT . 5 March 2013. Retrieved 18 June 2014.