Molson Coors Beverage Company is a Canadian-American multinational

drink A drink or beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain drinking water, milk, juice, smoothie ...

and

brewing Brewing is the production of beer by steeping a starch source (commonly cereal grains, the most popular of which is barley) in water and #Fermenting, fermenting the resulting sweet liquid with Yeast#Beer, yeast. It may be done in a brewery ...

company headquartered in Chicago, Illinois. Molson Coors was formed in 2005 through the merger of

Molson The Molson Brewery is a Canada-based brewery based in Montreal and was established in 1786 by the Molson family. In 2005, Molson merged with the Adolph Coors Company to become Molson Coors. Molson Coors maintains some of its Canadian operati ...

of Canada, and Coors of the United States. In 2016, Molson Coors acquired

Miller Brewing Company The Miller Brewing Company is an American brewery and beer company in Milwaukee, Wisconsin. It was founded in 1855 by Frederick Miller. Molson Coors acquired the full global brand portfolio of Miller Brewing Company in 2016, and operates the ...

for approximately US$12 billion. The agreement made Molson Coors the world's third largest brewer. Molson Coors is a publicly traded company on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

and has been a constituent of the S&P500 since 2005. Its Canadian division, Molson Coors Canada is listed on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

History

On July 22, 2004, Molson, Inc. and the

Adolph Coors Company The Adolph Coors Company was formerly a holding company in Golden, Colorado controlled by the heirs of founder Adolph Coors. Its principal subsidiary was the Coors Brewing Company. The brewery was founded in 1873. In 2005, Adolph Coors Co. me ...

announced their plan to merge. The merger was completed February 9, 2005, with the merged company being named Molson Coors Brewing Company. The merger included the brands and brewing operations of the

Molson Brewery The Molson Brewery is a Canada-based brewery based in Montreal and was established in 1786 by the Molson family. In 2005, Molson merged with the Adolph Coors Company to become Molson Coors. Molson Coors maintains some of its Canadian operati ...

and the

Coors Brewing Company The Coors Brewing Company is an American brewery and beer company based in Golden, Colorado, that was founded in 1873. In 2005, Adolph Coors Company, the holding company that owned Coors Brewing, merged with Molson, Inc. to become Molson Coor ...

was started by

John Molson John Molson (28 December 1763 – 11 January 1836) was an English people, English-born brewer and entrepreneur in colonial Province of Quebec (1763–91), Quebec, which during his lifetime became Lower Canada. In addition to founding Molson Brewe ...

Montreal Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...

, Canada, in 1786.

was started by Adolph Coors in

Golden, Colorado Golden is a home rule city that is the county seat of Jefferson County, Colorado, United States. The city population was 20,399 at the 2020 United States census. Golden lies along Clear Creek at the base of the Front Range of the Rocky Moun ...

, United States, in 1873. Molson Coors bought Creemore Springs Brewery on April 22, 2005. The operations of Molson Coors in Brazil were sold to the Mexican group FEMSA in 2006, and the beer operations of FEMSA was acquired by

Heineken International Heineken Naamloze vennootschap, N.V. (), branded as The Heineken Company is a Dutch multinational corporation, multinational brewery, brewing company, founded in 1864 by Gerard Adriaan Heineken in Amsterdam. Heineken owns over 165 breweries in m ...

in 2010.

Joint venture with SABMiller

On October 9, 2007,

SABMiller SABMiller plc was an Anglo–South African multinational brewing and beverage company headquartered in Woking, England on the outskirts of London until 10 October 2016 when it was acquired by AB InBev for US$107-billion. It was the world's sec ...

and Molson Coors Brewing Company announced a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

to be known as MillerCoors for their U.S. brewing and sales operations. SABMiller had 58% stake in the company, and Molson Coors had a 42% stake. MillerCoors combined their operations within North America with the headquarters in Chicago.

European acquisitions

On February 2, 2011, the company purchased Sharp's Brewery of

Cornwall Cornwall (; or ) is a Ceremonial counties of England, ceremonial county in South West England. It is also one of the Celtic nations and the homeland of the Cornish people. The county is bordered by the Atlantic Ocean to the north and west, ...

in England for £20 million. In early 2012, the company expanded into the Central and Eastern European markets by acquiring the region's market-leading brewery StarBev from

CVC Capital Partners CVC Capital Partners plc is a Jersey-based private equity and investment advisory firm with approximately €186 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European, ...

Miller acquisition

In September 2015,

Anheuser-Busch Inbev Anheuser-Busch InBev SA/NV, known as AB InBev, is an American-Belgian Multinational corporation, multinational Drink industry, drink and brewing company, brewing company based in Leuven, Belgium. It is the largest brewer in the world, and in 20 ...

announced that it had reached agreement to acquire competitor

for $107 billion. During the merger discussions between the two companies in 2015, the U.S. Department of Justice (DOJ) had agreed to the 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." SABMiller agreed to divest itself of the Miller brands by selling its stake in MillerCoors to Molson Coors. The merger between

and

closed on October 10, 2016. The spinoff deal was completed on October 11, 2016. As per the agreement with the regulators, SABMiller sold to Molson Coors full ownership of the

brand portfolio. After SABMiller divested itself of all interests in MillerCoors, Molson Coors became the largest brewer in North America

2020 rebranding and restructuring

On October 30, 2019, the company announced it would change its name to Molson Coors Beverage Company as a part of a restructuring to take place in 2020. The name change would reflect the company's growing focus on beverages outside of the traditional beer and brewing offerings. Additionally, the company would retire the MillerCoors corporate brand name and reorganize its global business units into Molson Coors North America, headquartered in

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

, and Molson Coors Europe, headquartered in

Prague Prague ( ; ) is the capital and List of cities and towns in the Czech Republic, largest city of the Czech Republic and the historical capital of Bohemia. Prague, located on the Vltava River, has a population of about 1.4 million, while its P ...

2020 Milwaukee campus shooting

On February 26, 2020, six people, including the shooter, were killed at a shooting near the company's Milwaukee brewing campus. The Milwaukee complex serves as a site for some of Molson Coors' corporate offices and brewing facilities and was in the "Miller Valley" area, which served as the headquarters for the

before it was acquired by Molson Coors.

Joint venture with Yuengling

On September 15, 2020, Molson Coors and D. G. Yuengling & Son announced a

to oversee the expansion of Yuengling beer into states beyond its existing footprint. Under the terms of the deal, Yuengling beers will be brewed and packaged in select Molson Coors’ breweries under Yuengling brewers’ supervision, and distributed into new markets.

Coors Spirits Co

In 2023, Molson Coors established Coors Spirits Co., offering Five Trail Blended American Whiskey in 2021, among others.

Operations

The company brews, markets and sells the Molson Coors portfolio of brands. Molson Coors operates breweries across the world, including the

in Longueuil, Quebec, Blue Moon Brewing Company in

Denver, Colorado Denver ( ) is a List of municipalities in Colorado#Consolidated city and county, consolidated city and county, the List of capitals in the United States, capital and List of municipalities in Colorado, most populous city of the U.S. state of ...

, Borsodi Brewery in Bőcs, Hungary, Coors Brewery in

, Creemore Springs Brewery in Creemore, Ontario, Fraser Valley Brewery in

Chilliwack, British Columbia Chilliwack ( ) is a city of about 100,000 people and in the Canadian province of British Columbia. It is located about east of the City of Vancouver in the Fraser Valley. The enumerated population is 93,203 in the city and 113,767 in the gr ...

, Leinenkugel Brewery in Chippewa Falls, Wisconsin, Miller Brewery in

Milwaukee, Wisconsin Milwaukee is the List of cities in Wisconsin, most populous city in the U.S. state of Wisconsin. Located on the western shore of Lake Michigan, it is the List of United States cities by population, 31st-most populous city in the United States ...

, Pardubice Brewery in

Pardubice Pardubice (; ) is a city in the Czech Republic. It has about 92,000 inhabitants. It is the capital city of the Pardubice Region and lies on the Elbe River. The historic centre is well preserved and is protected as an Cultural monument (Czech Repub ...

, Czech Republic, Staropramen Brewery in

, Czech Republic, and Coors Brewers in

Burton upon Trent Burton upon Trent, also known as Burton-on-Trent or simply Burton, is a market town in the borough of East Staffordshire in the county of Staffordshire, England, close to the border with Derbyshire. At the 2021 United Kingdom census, 2021 censu ...

, England.

Corporate structure

Molson Coors operates through its business units Molson Coors North America and Molson Coors Europe.

Management team

As of May 2022, the management consisted of the following: * Gavin Hattersley, President/Chief Executive Officer * Adam Collins, Chief Communication and Corporate Affairs * Sergey Yeskov, President and CEO of Molson Coors Europe * Kevin Doyle, President of U.S. Sales and Distributor Operations * Brian Erhardt, Chief Supply Chain Officer * Rahul Goyal, Chief Strategy Officer * Tracey Joubert, Chief Financial Officer * Fred Landtmeters, President, Molson Coors Canada * Pete Marino, President of Emerging Growth * Dave Osswald, Chief People and Diversity Officer * Anne-Marie D’Angelo, Chief Legal and Government Affairs Officer * Michelle St. Jacques, Chief Marketing Officer * Eugene Ubalijoro, Vice President, Central regional U.S. Sales

Brands

Notable brands include

Blue Moon A blue moon refers either to the presence of a second full moon in a calendar month, to the third full moon in a season containing four, or to a moon that appears blue due to atmospheric effects. The calendrical meaning of "blue moon" is unc ...

, Carling, Coors Banquet, Keystone, Coors Light, George Killian's Irish Red, Granville Island Brewing, Hamm's, Hop Valley, Leinenkugel's, Miller High Life,

Miller Lite Miller Lite is a 4.2% ABV reduced calorie light American lager beer produced by Molson Coors. It was introduced in 1973 in limited markets by the Miller Brewing Company (then owned by Philip Morris, Inc.) and began being distributed nationa ...

Milwaukee's Best Milwaukee's Best is a 4.8% alcohol by volume, American-style pale lager brewed by Miller Brewing Company of Milwaukee, Wisconsin, in the United States. Its sibling beers are Milwaukee's Best Ice (5.9%) and Milwaukee's Best Light, which is 4.1%. I ...

, Molson Canadian, Molson Export, Steel Reserve,

Terrapin Terrapins are a group of several species of small turtle (order Testudines) living in freshwater, fresh or brackish water. Terrapins do not form a taxonomic unit and may not be closely related. Many belong to the families Geoemydidae and Emydid ...

, Vizzy Hard Seltzer, Trebjesa brewery, Staropramen,

Jelen Jelen or Jeleń ("deer" in several Slavic languages) is a surname and toponym. The name is unrelated to the Senegambian name Jeleen. People * Alen Jelen (born 1970), Slovenian theatre and radio director, dramaturgist, actor, journalist * Alois Jel ...

and Ožujsko pivo.

References

External links

* {{Authority control Alcoholic drink companies Multinational breweries Companies listed on the New York Stock Exchange Beer brewing companies based in Colorado Manufacturing companies based in Colorado Companies based in Golden, Colorado Beer brewing companies based in Quebec Manufacturing companies based in Quebec Companies based in Montreal 2005 mergers and acquisitions Food and drink companies established in 2005