Thursday, October 11, 2007

SABMiller and Molson Coors to combine U.S. operations in joint venture

SABMiller Plc and Molson Coors Brewing Company announced on 9 October 2007 their intention to combine the U.S. and Puerto Rico operations of their respective subsidiaries, Miller and Coors, in a joint venture to create a stronger, brand-led U.S. brewer.

The new company, to be called MillerCoors, will have annual pro forma combined beer sales of 81 million hectoliters and net revenues of approximately $6.6 billion.

SABMiller

Is this a good thing? I don't know. But don't mess with the Miller Chill recipe or I might have to whoop 'em.

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