Have you ever wondered who owns the famous Coors Brewing Company? Allow me to lead you on a journey to discover the reality.
As a beer enthusiast myself, I find it fascinating to delve into the histories of famous breweries and discover the individuals or families behind them. When it comes to Coors Brewing Company, its ownership has seen a few changes over the years.
Coors Brewing Company was founded back in 1873 by Adolph Coors and Jacob Schueler. Adolph Coors, a German immigrant, displayed his entrepreneur spirit by establishing a small brewery in Golden, Colorado. Little did he know that this venture would evolve into one of the largest and most recognizable beer brands in the United States.
The Coors family remained in control of the company for over a century. It was passed down through generations, with family members actively involved in running the business. This gave Coors Brewing Company a unique familial touch that resonated with many beer enthusiasts.
However, in the 1990s, a significant change occurred. Coors Brewing Company merged with the Canadian brewing giant, Molson, creating Molson Coors Brewing Company. This merger expanded the company’s reach internationally and diversified its portfolio of beer brands.
Fast forward to the present day, and the ownership structure of Molson Coors Brewing Company has undergone further changes. In 2019, Molson Coors formed a joint venture with Hexo Corp, a Canadian cannabis producer, to create Truss Beverages. Truss Beverages focuses on developing cannabis-infused beverages in the Canadian market.
Now, you might be wondering why I am mentioning a cannabis joint venture in an article about the ownership of Coors Brewing Company. Well, it turns out that the joint venture involves Molson Coors, which means there is some overlap in ownership between Coors Brewing Company and Truss Beverages.
So, to answer the question of who owns Coors Brewing Company, it is now part of the larger entity known as Molson Coors Brewing Company. However, there are various stakeholders involved due to joint ventures and partnerships.
To sum it up, Coors Brewing Company, once a family-owned business, is now part of the Molson Coors Brewing Company, and its ownership structure includes joint ventures and partnerships.
I find it intriguing to see how companies evolve and adapt over time. While the ownership may change, the legacy of Coors Brewing Company and its impact on the beer industry remain undeniable.
So, the next time you crack open a cold Coors beer, take a moment to appreciate the history and journey that this iconic brewing company has undertaken.
Cheers!
