Molson Coors Brewing Company

From Wikipedia, the free encyclopedia

Molson Coors Brewing Company
Type Public (NYSE: TAP, TSX: TAP)
Founded Molson (1786), Coors (1873), merged (2005)
Headquarters Flag of Canada Montreal, QC, Canada
Flag of the United States Denver, CO, USA
Key people Eric Molson, Chairman
Leo Kiely, President
Industry Beverages
Products Beers, lagers, malt beverages, energy drinks
Subsidiaries Molson, Coors
Website www.molsoncoors.com


Molson Coors Brewing Company (TSX: TAP; NYSE: TAP) is a company that was created by the merger of two of North America's largest breweries: Molson of Canada, and Coors of the United States, on February 9, 2005. The Canadian subsidiary of Molson Coors Brewing Company is a part-owner of Brewers Retail Inc., operator of Ontario's The Beer Store retail chain.

According to the Molson Coors website, Molson Coors Brewing Company is the fifth-largest brewer by volume with 48.3 million hectolitres or 41.2 million barrels sold in 2005.[1]

On October 9, 2007, SABMiller and Molson Coors Brewing Company announced a joint venture to be known as MillerCoors for their US operations that will market all of their products.[2]

Contents

[edit] Corporate governance

The 2005 members of the board of directors of the company are: Francesco Bellini, John Cleghorn, Peter Coors, Melissa Coors, Charles Herington, Franklin Hobbs, Leo Kiely, Gary S. Matthews, Andrew Molson, Eric Molson, David O'Brien, Pamela Patsley, and Sanford Riley.

[edit] Environmental Record

The Molson Coors Brewing Company conducted a complete, comprehensive, and voluntary investigation of its pollution and environmental emissions. Coors was certainly not violating the Clean Air Act but was encouraged by the Environmental Audit Privilege and Voluntary Disclosure Act which immunizes and credits organizations for conducting self-environmental audits. These audits catch what the government does not and grant immunity from environmental regulation fines.[3] The United States government had thought that Coors was a minor violator of emitters like volatile organic compounds (VOCs), but the investigating proved otherwise. It revealed Coors to be 17 times over the estimated value of emissions. Molson Coors then provided the audits results to the Colorado Department of Health which culminated in a $1.05 million for the 189 violations of state pollution laws--of which Coors and the United States government had no idea.[4] Although Coors Molson said they did not know about volatile organic compounds of VOCs they were emitting they do claim to be environmentally aware. Coors invented a new printing technology technique which uses ultra-violet light to cure the print. This innovation is more environmentally sound that the traditional gas firing technique. [5]

[edit] References

  1. ^ http://www.molsoncoors.com/fact/index.html
  2. ^ http://money.cnn.com/2007/10/09/news/companies/bc.apfn.molsoncoors.sabm.ap/index.htm?postversion=2007100910
  3. ^ Norton's record bodes well for innovative new approach to environmental protection at Interior Enter Stage Right by John K. Carlisle retrieved 30 April 2008
  4. ^ Reason.orgENVIRONMENTAL ENFORCEMENT: In Search of Both Effectiveness and Fairness by Alexander Volokh and Roger Marzulla August 1996 retrieved 30 April 2008
  5. ^ Technology infiltrates the beverage industry The Winonan by Carl Hunter. 9 April 2008 retrieved 30 April 2008

[edit] External links

 This beer- or brewery-related article is a stub. You can help Wikipedia by expanding it.
 This article about a Canadian corporation or company is a stub. You can help Wikipedia by expanding it.