MillerCoors
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| Privately held company | |
| Industry | Beverages |
| Founded | 2008 |
| Headquarters | 250 S. Wacker Drive Chicago, United States |
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Key people
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Gavin Hattersley, CEO Pete Coors, Chairman |
| Products | Beer |
| Revenue |
 US$7.72 billion (2015) |
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US$1.239 billion (2015) |
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US$1.328 billion (2015) |
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| Parent | Molson Coors Brewing Company |
| Subsidiaries | Miller Brewing Company |
| Website | MillerCoors Homepage |
MillerCoors is the name first given to this company after the merger of the two large brewing companies in 2002. At that time, South African Breweries purchased Miller Brewing Company to create SABMiller. Then, in 2008, SABMiller arranged a joint venture with Molson Coors Brewing Company, which already owned Coors Brewing Company, to merge and create MillerCoors.
These component companies had very different backgrounds. Miller Brewing was started in 1855 by settler Frederick Miller who had been studying the making of beer for years; he first owned Plank Road Brewery before opening the first Miller Company in Milwaukee. The original Molson Brewery was started by John Molson in Montreal, Canada in 1786. Coors Brewing Company was started by Adolpho Coors, who emigrated from Purssia, in Colorado in 1873 and went through several name changes over the years until it was acquired by Molson's in 2004, becoming Molson Coors Brewing Company.
On October 11, 2016, SABMiller sold its stake in MillerCoors for around US $12 billion after the company was acquired by Anheuser-Busch InBev, making Molson Coors the 100 per cent owner of MillerCoors. In effect, MillerCoors became the "U.S. business unit of Molson Coors". In Canada, Molson Coors regained the right (from SABMiller) to make and market Miller Genuine Draft and Miller Lite.
Molson Coors plans to keep the MillerCoors name and the Chicago headquarters and plans to operate it in much the same way as before October 11, 2017. For the consumer, and for employees, the change to 100 percent ownership (from the previous 42 percent) by Molson Coors will not be apparent, according to Jon Stern, MillerCoors' director of media relations. "The good news is that none of this impacts Milwaukee or Wisconsin. It'll be business as usual. Miller Lite, Coors light, Miller High Life and Leinenkugel's -- and frankly all the rest of our brands will continue to be brewed by us."
MillerCoors is the US businesses of Molson Coors and employs around 9,000 people. The U.S. company brews, markets and sells the MillerCoors portfolio of brands in the U.S. and Puerto Rico. MillerCoors operates eight major breweries in the U.S., as well as the Leinenkugel's craft brewery in Chippewa Falls, Wisconsin, and three microbreweries: the 10th Street Brewery in Milwaukee, Terrapin Beer Co. in Athens, GA and the Blue Moon Brewing Company at Coors Field in Denver.
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Wikipedia