Posts Tagged: Merger

Teamsters: Keep MillerCoors Brewery Open!

Interesting intersection between the worlds of beer and labor law as Teamsters General President James P. Hoffa sent a letter to executives at SABMiller, Molson Coors and MillerCoors, urging them not to close the MillerCoors brewery in Eden, North Carolina.

You can read the letter here, however, Hoffa essentially called MillerCoors out on its economic justifications for closing the brewery and claimed that the real reasons for doing so were to cut capacity and raise prices in the U.S. and “to avoid regulatory scrutiny during the federal government’s antitrust review of the Anheuser-Busch InBev (ABI) and SABMiller (SAB) merger, and the related sale of SAB’s stake in the MillerCoors joint venture to Molson Coors.”

No response from the brewers to Hoffa’s letter as of yet. And no truth to the rumor that this post was an excuse to spend 8:51 of my life watching this on YouTube.

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AB InBev-SABMiller Merger

By now, just about everyone has heard the news that AB InBev, the world’s largest beer producer, owner of Anheuser-Busch and many other brands, plans to acquire SABMiller, the second largest beer producer. The reception among those in the craft beer industry to this news has been chilly to say the least. In the United States, there is significant concern that any such merger will have anticompetitive effects, particularly focusing on the potential squeezing out of craft brewers on both supply of raw ingredients and the distribution of final products. The merger will undergo significant review by the United States Department of Justice to determine whether it violates U.S. Antitrust law. (more…)

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