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San Miguel Brewery

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San Miguel Brewery Inc.
Company typeSubsidiary
PSE: SMB (2008–2013)
PredecessorSan Miguel Corporation (1890-2007)
Founded2007; 17 years ago (2007)
Headquarters40 San Miguel Avenue, Mandaluyong, Metro Manila, Philippines
Area served
Philippines, Hong Kong, China, Indonesia, Vietnam, Thailand
Key people
Ramon S. Ang (Chairman)
Roberto N. Huang (President)
ProductsBeer, non-alcoholic beverages
Decrease PHP 17.455 billion (US$365.0 million) [1]
OwnerSan Miguel Food and Beverage
ParentSan Miguel Corporation, Kirin Holdings Co. Ltd.
SubsidiariesSan Miguel Brewing International Ltd.
Websitewww.sanmiguelbrewery.com.ph

San Miguel Brewery Inc. is a subsidiary of San Miguel Corporation and jointly owned with Kirin Holdings Co. Ltd. The company is the Philippines’ largest brewery with a market share of over 95% as of 2008.[2] The company also operates in China and Southeast Asia.

History

See also: San Miguel Corporation
The original San Miguel brewery, circa 1915.

The first San Miguel Brewery, Inc. was founded as La Fábrica de Cerveza San Miguel in 1890 by Enrique María Barreto under a Spanish Royal Charter that officially permitted the brewing of beer in the Philippines and incorporated as the first San Miguel Brewery, Inc. in 1913. It was renamed San Miguel Corporation in 1963, having grown into one of the Philippines' largest business conglomerates with core interests in alcoholic and non-alcoholic beverages, food, and packaging. The breweries operated as the beer division of San Miguel Corporation until 2007.

The present San Miguel Brewery, Inc. was incorporated on July 26, 2007 as a subsidiary of San Miguel Corporation and the domestic beer business was spun off into San Miguel Brewery, Inc. on October 1, 2007.[3] In 2009, Kirin Holdings Co. Ltd. of Japan acquired 48.3% of San Miguel Brewery, Inc. from SMC for PHP 8.841 per share.[4]

In 2010, San Miguel Brewery, Inc. acquired 100% ownership of San Miguel Brewing International Ltd, enabling San Miguel Brewery, Inc. to achieve full integration of its domestic and international beer businesses. San Miguel Brewing International oversees operations in Hong Kong, People’s Republic of China, Indonesia, Thailand and Vietnam.

On November 6, 2017, San Miguel Corporation announced the consolidation of its beverage businesses into San Miguel Pure Foods Company, Inc. through a share swap deal. San Miguel Pure Foods Company, Inc. will[needs update] acquire 7.86 billion shares in San Miguel Brewery, Inc. from SMC. As a result, San Miguel Pure Foods Company, Inc. will own 51% of San Miguel Brewery, Inc. After the consolidation, San Miguel Pure Foods Company, Inc. will be renamed San Miguel Food and Beverage, Inc.[5][6][7]

Marker from the National Historical Commission of the Philippines

The marker of Fábrica de Cerveza de San Miguel was installed in 1950 at General Solano Street, San Miguel, Manila. It was installed by the Philippines Historical Committee (now National Historical Commission of the Philippines).[8]

FABRICA DE CERVEZA DE SAN MIGUEL
FUNDADA POR D. ENRIQUE MARIA BARRETO DE YCAZA, 4 DE MARZO DE 1890, EN LA CALZADA DE MALACAÑANG, NUM. 6, AHORA AVILES NUM. 132. INAUGURADA, 4 DE OCTUBRE DE 1890. BENEDECIDA POR EL GOB. ECL. D. EUGENIO NETTAR Y APADRINADA POR EL CAPITAN GENERAL D. VALERISMO WEYLER, GENERALES FEDUCHI Y EL MARQUES DE AHUMADA. ADMINISTRADA SUCESIVAMENTE PRO D. ENRIQUE MA. BARRETO HASTA 1893; D. PEDRO F. ROXAS (SOCIO GESTOR), 1893-1896; D. ENRIQUE BRIAS DE COYA, 1896-1903; D. VICENTE FERNANDEZ, 1903-1910; D. ANTONIO R. ROXAS, 1910-1917; D. ANTONIO BRIAS ROXAS, 1917-1945; CORONEL D. ANDRES SORIANO DESDE 1919. EXTENDIO SUS ACTIVIDADES 1919. [8]

On September 29, 2015, during the 125th anniversary of the founding of San Miguel Brewery, the National Historical Commission of the Philippines installed a historical marker on the San Miguel Headquarters in Mandaluyong.

SAN MIGUEL BREWERY, INC.
NAGSIMULA BILANG LA FABRICA DE CERVEZA DE SAN MIGUEL SA CALZADA DE MALACANANG (NGAYO’Y DAANG J.P. LAUREL), 4 OKTUBRE 1890; ENRIQUE MARIA BARRETO DE YCASA, TAGAPAGTATAG. ITINALA BILANG KORPORASYON NG SAN MIGUEL BREWERY, 21 AGOSTO 1913. PINALAWIG ANG OPERASYON SA PAGGAWA NG IBA PANG PRODUKTO BUKOD SA SERBESA. PANSAMANTALANG ISINARA NOONG IKALAWANG DIGMAANG PANDAIGDIG, 1942-1945. NAGING SANGAY NG SAN MIGUEL COPORATION [sic], 2007. [9]

Philippine Stock Exchange (PSE)

San Miguel Brewery, Inc. became listed in the Philippine Stock Exchange (PSE: SMB) on 12 May 2008.

On 2 January 2013, trading of its stock was suspended when the rule on the minimum public ownership of listed shares took effect. On 18 February 2013, the company announced that its board of directors had approved the voluntary de-listing of the company from the stock exchange as well as a tender offer to buy back 94.24 million shares – representing the 0.61% public float.[10] On 24 April 2013, the PSE board granted the petition for voluntary delisting filed by the company to take effect on 15 May 2013.[11][12]

See also

References

  1. ^ "Rising to the Challenge : Annual Report 2020" (PDF). Sanmiguelbrewery.com.ph. Retrieved 26 March 2022.
  2. ^ "Company Profile". Archived from the original on 18 June 2009. Retrieved 26 March 2022.
  3. ^ "ABOUT US - San Miguel Brewery Inc". Sanmiguelbrewery.com.ph.
  4. ^ "Kirin Holdings Reference 2009.5.22 : Kirin Holdings Completes Acquisition of San Miguel Brewery Shares". Kirinholdings.co.jp.
  5. ^ Morales, Neil Jerome (7 November 2017). "San Miguel to consolidate food, beverage units in sale swap". In.reuters.com. Retrieved 7 November 2017.[dead link]
  6. ^ dela Paz, Chrisee (6 November 2017). "San Miguel to merge food, beverage businesses". Rappler.com. Retrieved 7 November 2017.
  7. ^ Dumlao-Abadilla, Doris (7 November 2017). "SMC spins off key units". business.inquirer.net. Retrieved 7 November 2017.
  8. ^ a b Historical Markers: Metropolitan Manila. National Historical Institute. 1993.
  9. ^ "NHCP UNVEILED THE "SAN MIGUEL BREWERY INC." HISTORICAL MARKER". Nhcp.gov.ph. Archived from the original on 2015-10-06.
  10. ^ Doris C. Dumlao (18 February 2013). "San Miguel Brewery delisting from PSE, sets tender offer at P20 each". Business.inquirer.net.
  11. ^ "PSE approves San Miguel Brewery delisting on May 15". Gmanetwork.com.
  12. ^ "It's confirmed: San Miguel Brewery to delist May 15". Rappler.com. 9 May 2013.
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