Miller Brewing Company

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The Miller Brewing Company is an American brewer of alcoholic beer with its headquarters located in Milwaukee, Wisconsin and brewing facilities in Albany, Georgia; Chippewa Falls, Wisconsin; Eden, North Carolina; Fort Worth, Texas; Irwindale, California; Milwaukee, Wisconsin and Trenton, Ohio. On July 1, 2008 the MillerCoors company was formed as a joint venture with rival Molson Coors to consolidate the production and distribution of its products in the United States with each parent company's corporate operations and international operations remaining separate and independent of the MillerCoors joint venture.

Contents

History

Miller Brewing Company was founded in 1855 by Frederick Miller when he purchased the small Plank-Road Brewery. The brewery's location in the Menomonee Valley provided easy access to raw materials produced on nearby farms.

On September 19, 1966, the conglomerate W.R. Grace & Co. agreed to buy 53% of Miller from Mrs. Lorraine John Mulberger (Frederick Miller's granddaughter, who objected to alcohol) and her family. On June 12, 1969, Philip Morris (now Altria) bought Miller from W.R. Grace for US$130 million, outbidding PepsiCo. On May 30, 2002, it was acquired by South African Breweries from Philip Morris for US$3.6 billion worth of stock and US$2 billion in debt, to form SABMiller; with Philip Morris retaining a 36% share at that time, with voting rights of 24.99%.

On August 14, 2006, Miller Brewing announced it had completed the purchase of Sparks and Steel Reserve brands from McKenzie River Corporation for US$215 million cash. [1] Miller had been producing both products prior to this purchase.[1]

On October 9, 2007, SABMiller and Molson Coors agreed to combine their U.S. operations in a joint venture called MillerCoors. SABMiller is to own 58% of the unit, which is to operate in the U.S. but not Canada, where Molson Coors is strongest. Molson Coors is to own 42%, but the parties are to have equal voting power.[2][3]

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