M&A Deal Summary

Molson Coors Acquires Cobra Beer

On May 29, 2009, Molson Coors acquired beverage company Cobra Beer

Acquisition Highlights
  • This is Molson Coors’ 2nd transaction in the Beverages sector.
  • This is Molson Coors’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2009-05-29
Target Cobra Beer
Sector Beverages
Buyer(s) Molson Coors
Deal Type Add-on Acquisition

Target

Cobra Beer

London, United Kingdom
Cobra Beer Ltd., is a producer of beer.

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Buyer(S) 1

Buyer

Molson Coors

Chicago, Illinois, United States

Category Company
Founded 1774
Sector Beverages
Employees16,500
Revenue 11.7B USD (2023)
DESCRIPTION

Molson Coors is a US producer of beer. Molson Coors has a diverse portfolio of owned and partner brands, including signature brands Coors Light, Molson Canadian, Carling and Staropramen, as well as craft and specialty beers such as Blue Moon, Creemore Springs, Cobra and Doom Bar. Molson Coors Beverage was founded in 1774 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 10
Sector (Beverages) 2 of 10
Type (Add-on Acquisition) 1 of 8
Country (United Kingdom) 1 of 4
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-02 MillerCoors

Chicago, Illinois, United States

MillerCoors is a joint venture between SABMiller and Molson Coors Brewing Company. The joint venture was created to sell brands such as Miller Lite, Miller High Life, Miller Genuine Draft, Coors, Coors Light, Molson Canadian, Leinenkugel's, Crispin Hard Cider Company, and Blue Moon across the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 Sharp s Brewery

Wadebridge, United Kingdom

Sharp's Brewery is a modern brewer of cask conditioned beer based at Rock in Cornwall.

Buy £20M