What is the parent company that owns the world famous Miller Beer?
Miller Beer is widely known as one of the most popular beers in the world. While its appeal is universal, not many people know about the parent company that owns the beer brand. As it turns out, many people often search about the parent company of the beer giants – and it is a much-renowned alcohol manufacturing company that holds Miller Beer as one of its subsidiaries.
Budweiser’s “King of Beers” title makes a lot more sense when one knows that the company that owns them also owns a number of other competitors. The American beer’s parent company Anheuser-Busch InBev agreed to purchase longtime rival SABMiller for $107 billion in 2015, creating a super brewery that is the world’s biggest beermaker by far.
The beer behemoth has global sales of $55 billion and boasts 18 of the world’s most popular brews. Its biggest seller is Bud Light, the world’s third most popular beer, which edges out its more calorific brother, Budweiser, in fourth place. SABMiller’s flagship brew is Miller Lite, which is the world’s 15th most popular beer, according to CNN Money.
As it turns out, a lot more beer and alcohol brands are owned by the Anheuser-Busch InBev company.
The blockbuster deal created a suds monolith that has the following brands rattling around in one enormous, global cooler: Bud, Bud Light, Miller Lite, Miller High Life, Coors, Coors Light, Corona, Michelob, Busch, Stella Artois, Becks, Peroni, Hoegaarden, Grolsch, Icehouse, Keystone, Milwaukee’s Best, Blue Moon, Foster’s, Pilsner Urquell, and a lot more.
AB InBev paid $67.59 per share for SABMiller, roughly 50 percent more than the share price before the acquisition rumors surfaced. As part of the agreement with the U.S. Justice Department, SABMiller agreed to divest itself of the Miller brands in the US and Puerto Rico by selling its stake in MillerCoors to Molson Coors.
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