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MillerCoors

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MillerCoors LLC
Company typePrivately held company
IndustryBeverages
Founded2008
Headquarters250 S. Wacker Drive
Chicago, United States[1]
Key people
Gavin Hattersley, CEO
Pete Coors, Chairman
ProductsBeer
RevenueDecreaseUS$7.72 billion[2]
DecreaseUS$1.239 billion[2]
DecreaseUS$1.328 billion[2]
ParentMolson Coors Brewing Company
SubsidiariesMiller Brewing Company
WebsiteMillerCoors Homepage

MillerCoors is a alcoholic beverage brewing and marketing company which is a wholly owned subsidiary of Molson Coors. The company produces Miller Lite, Miller High Life, Miller Genuine Draft, Coors, Coors Light, Molson Canadian, Leinenkugel's, Crispin Hard Cider Company, Saint Archer Brewing Company, Hop Valley Brewing Company, and Blue Moon. The company also brews brands of beer that are owned by Pabst Brewing Company. The company is headquartered in Chicago, Illinois. [3]

Current Operations

MillerCoors brews, markets and sells the MillerCoors portfolio of brands in the U.S. and Puerto Rico. MillerCoors is the second-largest beer company in the United States, capturing nearly 30% of U.S. beer sales. 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.

Management

Pete Coors is the chairman and Gavin Hattersley is Chief Executive Officer.[4]

History

MillerCoors was announced as a joint venture between SABMiller and Molson Coors in October 2007 [5] and was approved by regulators on June 5, 2008. The venture was completed on June 30, 2008 and MillerCoors began operation on July 1, 2008.[6]

On September 14, 2015, Miller Coors announced that it would shut down its Eden, NC brewery in September 2016 due to declining corporate sales. The company has newer plants in Virginia and Georgia that will serve the Eden plant's distribution area.[7]

In May 2016, the Milwaukee Journal Sentinel reported that Pabst Brewing Company and Blue Ribbon Intermediate Holdings filed a lawsuit because Pabst wanted to continue making its beers in Eden.[8]

In September 2015, MillerCoors parent company SABMiller agreed to be bought by Belgian beer giant Anheuser-Busch InBev. To gain regulatory approval, Anheuser-Busch InBev sold SABMiller's 58% stake in MillerCoors to Molson Coors.[9]

On October 11, 2016, the merger was completed and MillerCoors became wholly owned by the Molson Coors brewing Company.[10]

Notes

  1. ^ "MillerCoors headquarters will remain in Chicago - Chicago Business Journal". Retrieved 2016-09-21.
  2. ^ a b c MILLERCOORS REPORTS 2015 UNDERLYING NET INCOME OF $1.328 BILLION, IN-LINE WITH PRIOR YEAR
  3. ^ Shafer, Dan (November 1, 2016). "MillerCoors posts strong quarter, shifts focus for Tenth and Blake". Milwaukee Business Journal.
  4. ^ Daykin, Tom (2007-10-09). "Miller, Coors to combine U.S. operations". Milwaukee Journal Sentinel. Archived from the original on 2007-12-11. Retrieved 2008-01-17.
  5. ^ Martin, Andrew (October 10, 2007). "Merger for SABMiller and Molson Coors". New York Times.
  6. ^ Daykin, Tom (2008-06-05). "U.S. signs off on Miller, Coors merger". Milwaukee Journal Sentinel. Archived from the original on 2008-08-03. Retrieved 2008-06-05.
  7. ^ Craver, Richard (2016-09-15). "MillerCoors to close Eden brewery in September 2016". Winston-Salem Journal. Retrieved 2016-05-25.
  8. ^ Davis, Jonnellle (2016-05-16). "Pabst's sues MillerCoors about Eden closure". News & Record. Retrieved 2016-05-25.
  9. ^ Trefis Team,"AB InBev And SABMiller Merger Focuses On Markets Outside The U.S.", Forbes>, Nov 16, 2015 . Retrieved July 26, 2016.
  10. ^ Greg Trotter. "With new owner, MillerCoors focuses on growth". Chicago Tribune. Chicago Tribune. Retrieved 11 October 2016.
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