Gunning for Budweiser
Trying to unseat the big dawg?
C&P:
DENVER - Brewers Molson Coors Brewing Co. and SABMiller PLC said today they will combine their U.S. operations in a joint venture.
The makers of Miller Lite, Original Coors and Coors Light said they will share ownership equally in the new venture which they said should help them compete more effectively.
The industry leader in the United States is Anheuser-Busch Cos., maker of Budweiser, Michelob and Bud Light.
The financial terms of the deal were not disclosed.
The new company will be called MillerCoors, the companies said. London-based SABMiller, which brews Miller Lite as well as a slew of European beers, and Molson Coors, the brewer of Coors Light and the craft beer Blue Moon, will each have a 50 percent voting interest in the venture and have five representatives on its board of directors.
Under the terms of the agreement, the companies said they will conduct all of their U.S. business exclusively through the venture.
The companies project MillerCoors will have combined annual beer sales of 69 million U.S. barrels with revenue of about $6.6 billion.
The companies said the deal will add to both of their earnings in the second full year of combined operations.
C&P:
DENVER - Brewers Molson Coors Brewing Co. and SABMiller PLC said today they will combine their U.S. operations in a joint venture.
The makers of Miller Lite, Original Coors and Coors Light said they will share ownership equally in the new venture which they said should help them compete more effectively.
The industry leader in the United States is Anheuser-Busch Cos., maker of Budweiser, Michelob and Bud Light.
The financial terms of the deal were not disclosed.
The new company will be called MillerCoors, the companies said. London-based SABMiller, which brews Miller Lite as well as a slew of European beers, and Molson Coors, the brewer of Coors Light and the craft beer Blue Moon, will each have a 50 percent voting interest in the venture and have five representatives on its board of directors.
Under the terms of the agreement, the companies said they will conduct all of their U.S. business exclusively through the venture.
The companies project MillerCoors will have combined annual beer sales of 69 million U.S. barrels with revenue of about $6.6 billion.
The companies said the deal will add to both of their earnings in the second full year of combined operations.
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It was only a coupla years ago that Coors and Molson merged. What the HELL?! 0 -
both there beers are water down taste, they won't compete. well maybe not molsen but Coors 0 -
quote:Originally posted by joker5656
both there beers are water down taste, they won't compete. well maybe not molsen but Coors
Umm pudwiser isn't exactly beer either, more like rat pee in a bottle vs kitten pee in a can. neither one is worth drinking.0 -
Miller GD / Light and Orig. 5 % Coors, two or more of my favs..
Bud usually has good Superbowl commericals, but it stops there.
Bud a non-entity on the market unless your herein Iraq, where we usually have access to ZIP beer, then it's the King of Beers for everyone....0 -
Give me a Labatt's Blue, or a Labatt's Blue Light! 0 -
I'll stick with Sam Adams. 0 -
quote:Originally posted by ljwrench
I'll stick with Sam Adams.
After 2 of those, i can't drink a third...TOO DAMN HEAVY !![xx(]
I am well aware that SAM ADAMS is made like beer is "supposed" to be made.But this country, and most of the world,in fact,has changed their idea on what type of beer it likes to drink.If everyone wanted beer to taste like it did 150 years ago,,, it still would...Believe it..
Jeff0 -
I like all miller beers, Miller High LIfe, Miller Lite, Miller Genuine Draft, And Miller Chill. I love miller! 0 -
Busch is the one American beer I like. 0 -
quote:Originally posted by tsr1965
Give me a Labatt's Blue, or a Labatt's Blue Light!
Canadians don't even drink that crap[xx(]0 -
quote:Originally posted by SuburbanNoize
I like all miller beers, Miller High LIfe, Miller Lite, Miller Genuine Draft, And Miller Chill. I love miller!
WEEEEEEEEEEE Doggies , wish I had a bunch o' them nice and cold Miller Beers HERE right now !!!0 -
quote:Originally posted by big mango
quote:Originally posted by SuburbanNoize
I like all miller beers, Miller High LIfe, Miller Lite, Miller Genuine Draft, And Miller Chill. I love miller!
WEEEEEEEEEEE Doggies , wish I had a bunch o' them nice and cold Miller Beers HERE right now !!!
Come to Central Forida, they're on me!0 -
quote:Originally posted by yearofspider
quote:Originally posted by tsr1965
Give me a Labatt's Blue, or a Labatt's Blue Light!
Canadians don't even drink that crap[xx(]
Apparently you don't travel to Quebec very much. The beer up there makes even the imported beer from up there taste like junk. they do not have to pastuerize it before bottling to sell up there.0 -
I used to get Miller GD right off the production lines - girlfriend worked in the plant...sure was good! But that was long ago, and Now, MILLER SUPPORTS ILLEGAL IMMIGRANTS - they just recently gave $50,000 to a march for Illegals in Los Angeles.
I No longer buy or use or support the use of Miller Products.
I'm drinking Moose Drool right now. I like Black Dog, too.0 -
drug dealers. thats what they are. they have the deaths and misery of millions on their hands. may they all rot in hell. 0
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