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November 5, 2020

Molson Coors Beverage Co finalises US$150m brewery sale

Molson Coors Beverage Co has completed the US$150m divestment of its Irwindale brewery in California to Pabst Brewing Co.

Molson Coors Beverage Co has completed the US$150m divestment of its Irwindale brewery in California to Pabst Brewing Co.

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The transaction, which exercises an option that Pabst has on the facility, was first announced in May. Pabst said it is working to get the plant back in operation following its shutdown in January.

“We are continuing to conduct our feasibility study to determine whether there is a path to reopen and operate the brewery at a later date,” the company said this week.

According to Molson Coors, the Irwindale facility, which opened in 1980, produced 4.8m barrels last year, shipping product to 261 distributors across the US. Molson Coors has produced Pabst brands, including Pabst Blue Ribbon, under contract at its breweries, including Irwindale, since 1999.

Molson Coors launched a wide-ranging restructure programme last year that included a name change and a new focus on non-beer categories. The restructuring also included job cuts and the switch of the company’s headquarters from Denver to Chicago.

This week, the company said it is to trim its portfolio.

Molson Coors Beverage Co Performance Trends 2015-2019 – results data

Related Companies

Free Whitepaper
img

Understand the impact of decreasing sugar consumption on the F&B market

Growing consumer concern regarding health and wellbeing has increased the focus on reducing sugar consumption. This has driven food and beverage manufacturers, alongside governments, to take measures to meet this challenge. In addition, the pandemic heightened the focus on self-care, including implementing healthy eating to support the immune system. Now more than ever, consumers are paying attention to the amount of sugar and calories in the products they purchase. Access GlobalData’s new whitepaper, The Sugar Reduction Challenge – Past, Present and Future Outlooks within Beverages, to better understand the recent trends in sugar demand, how manufacturers and governments have responded to the challenge, and what solutions are available to the industry. The white paper covers:
  • The key factors behind the recent trends in sugar consumption
  • What is driving consumer choices when shopping for food and beverages?
  • How companies and governments are stepping up their efforts to meet consumers’ expectations
  • The outlook for sugar demand
  • Which ingredients stand to benefit from these future developments?
Enter your details here to receive the free whitepaper.
by GlobalData
Enter your details here to receive your free Whitepaper.

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