Molson Coors
 |
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| Public | |
| Traded as | : TAP TAP.A : TPX.A, TPX.B S&P 500 Component |
| Industry | Beverages |
| Founded | Molson (1786), Coors (1873), merged (2005) |
| Headquarters | Denver, Colorado, United States |
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Key people
|
Geoff Molson, (Chairman) Mark Hunter, (President and CEO) |
| Products | Beers, lagers, malt beverages, energy drinks, spirits and wines |
| Revenue |
 US$3.5 billion (2015) |
|
US$521.8 million (2015) |
|
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US$359.5 million (2015) |
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| Total assets |
US$12.2 billion (2015) |
| Total equity |
US$7.0 billion (2015) |
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Number of employees
|
9,100 (2015) |
| Subsidiaries |
Molson Brewery Molson Coors Brewing Co. (UK), Ltd. MillerCoors The Beer Store (49%) |
| Website | www |
The Molson Coors Brewing Company is a multinational brewing company, formed in 2005 by the merger of Molson of Canada, and Coors of the United States. It is the world's seventh largest brewer by volume.
While the company is incorporated in the United States, it is traded on stock exchanges in both the United States and Canada, and control is equally shared between the Molson and Coors families. The company is headquartered at the 1,372,179-square-foot (127,479.6 m2) Centurylink Tower in Denver, Colorado.
Molson Coors expanded significantly after the merger of Anheuser-Busch InBev and SABMiller in October 2016. This was achieved because during the plans for the merger, SABMiller had agreed to divest itself of the Miller brands by selling its stake in MillerCoors to Molson Coors.
On 9 October 2007, SABMiller and Molson Coors Brewing Company announced a joint venture to be known as MillerCoors for their U.S. operations that will market all of their products.MillerCoors is headquartered in Chicago, Illinois.
On 2 February 2011, the company purchased Sharp's Brewery of Cornwall in England for around £20 million.
On 26 May 2011, seventh-generation family member Andrew Molson succeeded Pete Coors as acting Chairman of the company.
In early 2012 the company expanded into the Central and Eastern Europe markets by acquiring the region's market-leading brewery StarBev from CVC Capital Partners.
In September 2014, it was revealed in the media that the firm was in talks to acquire Heineken’s operations in the Czech Republic.
During the merger discussions between Anheuser-Busch InBev and SABMiller in 2015, the U.S. Department of Justice (DOJ) had agreed to 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." 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."
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Wikipedia