7 result(s) displayed (1 - 7 of 7):

MillerCoors cost cuts sink in; profit rises (from Corporate Dealmaker)

MillerCoors LLC continues to perform strongly since launching in July 2008. The No. 2 U.S. brewer, behind Anheuser-Busch InBev SA (NYSE:BUD), saw third-quarter profit rise 37% from the same quarter a year earlier. Revenue was up 3.1%. Keystone Light, Miller High Life, MGD 64, Blue Moon and other less-expensive brands carried...

Posted on November 5, 2009 2:28 PM

Molson Coors JV delivers frothy results (from Corporate Dealmaker)

Moslon Coors Brewing Co. (NYSE:TAP) reported a 75.3% after-tax increase in earnings to $98.8 million for the first quarter, boosted in part by its joint venture with SABMiller plc. The company reported $3 million in cost savings in the first quarter of 2009 associated with MillerCoors, and a total of...

Posted on May 6, 2009 12:56 PM

MillerCoors JV: When synergies start a legal fight (from Corporate Dealmaker)

The Wall Street Journal reported on Thursday that a couple of Ohio beer distributors are suing the new MillerCoors LLC joint venture. The JV, formed in June to enable the two brands to cut costs and fight for share in the consolidating U.S. beer market, has reportedly moved even more...

Posted on September 4, 2008 11:07 AM

MillerCoors integration cause for concern? (from Corporate Dealmaker)

The big beer joint venture between SABMiller plc and Molson Coors Brewing Co. is making at least one analyst nervous. According to one report, a J.P. Morgan Chase & Co. analyst dropped his rating on shares of Molson Coors citing concern about the ability of MillerCoors to mesh breweries, brewing...

Posted on July 31, 2008 10:47 AM

MillerCoors JV team prepares for day 1 (from Corporate Dealmaker)

It's done. SABMiller plc and Molson Coors Brewing Co. closed the deal to combine their U.S. and Puerto Rican operations to create MillerCoors. On July 1, the new joint venture will begin operations. Leading the charge are CEO Leo Kiely and Tom Long, president and chief commercial officer. Tim...

Posted on June 30, 2008 5:40 PM

MillerCoors team announced, tricky integration ahead (from Corporate Dealmaker)

SABMiller plc and Molson Coors Brewing Co. have filled out the MillerCoors joint venture leadership team. The JV, a combination of Miller's and Coors' U.S. and Puerto Rican brewing operations, recently received clearance from U.S. regulators. The deal is expected to close by June 30. After that, we should begin...

Posted on June 9, 2008 4:48 PM

MillerCoors names chief integration and financial officers (from Corporate Dealmaker)

After getting EU clearance for their MillerCoors joint venture earlier this week, SABMiller plc and Molson Coors Brewing Co. have filled two critical positions for the JV. Tim Wolf will become chief integration officer, and Gavin Hattersley will take on the chief financial officer role.Wolf (pictured left) has served as...

Posted on April 9, 2008 5:02 PM