Molson Coors Beverage Company (NYSE:TAP) acquired a 75% stake in Blue Run Spirits, Inc. on August 7, 2023. Blue Run?s founders ? Mike Montgomery, Tim Sparapani, Jesse McKnight and Andy Brown ? will all remain with the brand. Mike Montgomery will take on an expanded role with Molson Coors as its Vice President of Coors Spirits Co. Bourbon Hall of Famer Jim Rutledge will continue to serve as Blue Run?s Distillery Consultant and Liquid Advisor and recognized, whiskey community rising star Shaylyn Gammon will serve as whiskey Curator for Coors Spirits Co. David Coors will continue to lead Molson Coors? full-strength spirits strategy and business development as Executive Chair of Coors Spirits Co. Blue Run was represented by Samos Capital of Southlake, TX in the transaction and is legally represented by Steve Barth of Foley and Lardner LLP of Milwaukee and Kaplan, Johnson, Abate and Bird LLP of Louisville, in addition to being supported by Joseph Goode and Cody Matthews of Truist Bank of Charlotte, NC. Molson Coors was legally represented by Quarles and Brady LLP of Milwaukee.
Molson Coors Beverage Company (NYSE:TAP) completed the acquisition of a 75% stake in Blue Run Spirits, Inc. for $78 million on August 7, 2023. The purchase price included cash paid of $65 million.
Molson Coors Beverage Company specializes in the production and marketing of beers. The products are sold under the brands Coors Light, Miller Lite, Molson Canadian, Carling, Staropramen, Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky, Vizzy, Coors Seltzer, Leinenkugel's Summer Shandy, Creemore Springs, Hop Valley, etc. The group also develops an under-license beers brewing and distribution activity under the brands Heineken, Dos Equis, Moretti, Sol, Strongbow cider, Peroni Nastro Azurro, Cobra, Corona Extra, Beck's, Bavaria, Lowenbrau, Redd's, etc.
At the end 2024, Molson Coors Beverage Company has more than 30 production sites worldwide.
Net sales are distributed geographically as follows: the United States (67.3%), the United Kingdom (11.8%), Canada (11%) and other (9.9%).
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