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Article: SABMiller and Molson Coors to Combine U.S. Operations in Joint Venture
- Article from:
- CCNMatthews Newswire
- Article date:
- October 9, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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- Combination of complementary assets will create a stronger, more
competitive U.S. brewer with an enhanced brand portfolio - Greater
scale and resources will allow additional investment in brands,
product innovation and sales execution - Consumers and retailers
will benefit from greater choice and access to brands - Distributors
will benefit from a superior core brand portfolio, simplified
systems, lower operating costs and improved chain account programs -
$500 million of annual cost synergies will enhance financial
performance - SABMiller and Molson Coors with 50%/50% voting interest
and 58%/42% economic interest
LONDON, ENGLAND and DENVER, COLORADO--(Marketwire - Oct. 9, 2007) - ...