Molson Coors, SABMiller unite US ops
SABMiller and Molson Coors, the second and third largest US-brewers respectively, have agreed to combine their US brewing operations in hopes of providing a more...
SABMiller is going to have a 58% economic interest in the venture while MolsonCoors will own 42% of the new company. Yet each will have equal voting interests. Specific financial terms of the deal were not disclosed. The companies said the venture will result in cost savings of $500 million, most of which will come from reducing shipping distances, finding economies of scale in brewing operations, optimizing production and eliminating duplicate corporate and marketing services.
Anheuser-Busch accounts for nearly half of the US market with brands such as Budweiser and Bud Light.
