- Sector
- Consumer Defensive
- Industry
- Beverages - Wineries & Distilleries
- Address
- 250 S Wacker Drive Chicago United States of America 60606
- IPO Date
- Feb 9, 2005
- Business
- Molson Coors Beverage Company (NYSE: TAP, TAP.A) manufactures, markets and sells beer and other beverage products worldwide. The company offers a broad portfolio of beer brands including Coors Light, Miller Lite, Molson Canadian, Coors Banquet, Blue Moon Belgian White, Peroni Nastro Azzurro, Staropramen, Miller Genuine Draft, Corona Extra, Leinenkugel's, Madri, Beck's, Aspall Cider, Cobra and flavored malt beverages such as hard seltzers, craft beers and ready-to-drink options; it also provides beyond-beer products encompassing energy drinks, ready-to-drink coffee and non-alcoholic beverages. Molson Coors Beverage Company operates through two primary segments, Molson Coors North America and Molson Coors Europe, with breweries and distribution facilities across North America, Europe, Asia Pacific, the Middle East and Africa, serving retail, on-premise and international markets.
Founded in 1786 by John Molson in Montreal, Canada, with key historical roots in Adolph Coors' 1873 establishment in Golden, Colorado, the company formalized as Molson Coors through the 2005 merger of Molson and Coors and later acquired Miller Brewing Company in 2016 for approximately $12 billion, cementing its status as one of the world's largest brewers.
Headquartered in Chicago, Illinois, the company maintains dual operational hubs in Chicago and Montreal, Quebec, and employs approximately 16,600 people globally with annual revenues around $10.7 billion.
In recent developments, Molson Coors announced a strategic partnership with Fever-Tree in January 2025, securing exclusive U.S. commercialization rights for its tonics, ginger beers and cocktail mixers alongside an 8.5% equity stake in Fevertree Drinks plc to advance its premiumization and beyond-beer strategies; it took a majority stake in ZOA Energy in November 2024 to expand energy drink distribution; and plans to launch Naked Life non-alcoholic ready-to-drink cocktails in the U.S. in spring 2025. The company continues pursuing acquisitions and partnerships to diversify amid softening core beer demand, including recent interest in deals to bolster its non-beer portfolio.