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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 Coors . [ 1 ]
In 2016, Molson Coors acquired Miller Brewing Company for approximately US$12 billion. [4] The agreement made Molson Coors the world's third largest brewer. [5] Molson Coors is a publicly traded company on both the New York Stock Exchange and Toronto Stock Exchange. Molson Coors has been a constituent of the S&P500 since 2005. [6]
Molson Coors was created by the merger of two of North America's largest breweries: Molson of Canada, and Coors of the United States, on February 9, 2005. [1] Molson Coors acquired full ownership of the Miller brand portfolio from SABMiller in 2016. [ 2 ]
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. [1] In 2005, Adolph Coors Co. merged with Molson, Inc. to become the Molson Coors Brewing Company. [2]
Molson Coors Canada owns 50% of Brewers Distribution Limited in Western Canada. Molson Coors Canada has the marketing and selling rights for Heineken in Canada. On 30 October 2019, the Molson Coors Brewing Company announced it would change its name to Molson Coors Beverage Company as a part of a restructuring to take place in 2020. [15]
The Motley Fool owns shares of Coca-Cola, Diageo, and Molson Coors Brewing. The Fool owns shares of and has created a ratio put spread position on Wells Fargo.
Leinenkugel's operates two breweries, but Molson-Coors will be closing them in 2025. [17] The original, the company's base of operations, is located in Chippewa Falls; [10] and the 10th Street Brewery located in Milwaukee, Wisconsin.
On November 14, 1873, Coors and the Denver confectioner Jacob Schueler purchased the abandoned Golden City Tannery and converted it to the Golden Brewery. By February 1874, they were producing beer for sale. In 1880, Coors purchased Schueler's interest, and the brewery was renamed Adolph Coors Golden Brewery. [4]