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Market Commentary on Molson Coors Brewing Company (NYSE:TAP)
Molson Coors Brewing Company, through its subsidiaries, engages in the production and sale of beer and other beverages in the United States, Canada, and the United Kingdom. The company offers products under the Coors Light, Coors, Coors Non-Alcoholic, Blue Moon Belgian White Ale and seasonal Blue Moon brands, George Killian's Irish RedO Lager, Keystone, Keystone Light, Keystone Ice, and Zima XXX brand names, as well as under the Molson Canadian, Molson Dry, and Molson Export brands. It also provides its beer products under various brands, including Carling, C2O, Coors Fine Light Beer, Worthington's ales, Caffrey's, Reef, Screamers, and Stones; and Grolsch brand through a joint venture. In addition, the company sells Grolsch brand of beers, as well as distributes Amstel Light, Heineken, Murphy's, Asahi, Asahi Select, Corona, Miller Lite, Miller Genuine Draft, Milwaukee's Best, Milwaukee's Best Dry, Foster's, and Foster's Special Bitter brands under license. Molson Coors distributes its products through a three-tier system consisting of manufacturers, distributors, and retailers. The company was founded in 1873. It was formerly known as Adolph Coors Company and changed its name to Molson Coors Brewing Company in 2005. Molson Coors is based in Montreal, Canada.
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