Molson Coors and SABMiller settle Canada litigation

Molson Canada 2005, a subsidiary of Molson Coors Brewing Company (NYSE:TAP; TSX:TPX), and Miller Brewing Company, a subsidiary of SABMiller plc (LON:SAB), jointly announce that they have settled amicably their litigation in Toronto, Canada, arising from the Licence Agreement for the Miller trademark brands in Canada. As a result of the settlement, the rights to distribute Miller trademark brands in Canada will revert to SABMiller effective April 1, 2015. 

Overview of Molson Coors Brewing Company

Molson Coors Brewing Company is a leading global brewer delivering extraordinary brands that delight the world’s beer drinkers. It brews, markets and sells a portfolio of leading premium brands such as Coors Light, Molson Canadian, Carling, Staropramen and Blue Moon across The Americas, Europe and Asia. It operates in Canada through Molson Coors Canada; in the US through MillerCoors; across Europe through Molson Coors Europe; and outside these core markets through Molson Coors International.

Overview of SABMiller

SABMiller plc is in the beer and soft drinks business. It is the world’s second largest brewing company and one of the world’s largest bottlers of Coca-Cola drinks. The group also produces a portfolio of wholly-owned soft drinks brands.

SABMiller is a FTSE-20 company, with shares trading on the London Stock Exchange, and a secondary listing on the Johannesburg stock exchange. The group operates in more than 80 countries with around 70,000 employees.

The group’s brand portfolio includes leading local brands such as Aguila (Colombia), Castle (South Africa), Miller Lite (USA), Snow (China), Victoria Bitter (Australia) and Tyskie (Poland) as well as global brands such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch. Every minute of every day, more than 140,000 bottles of SABMiller beer are sold.