MillerCoors To Expand Into Craft Beer With Latest Acquisition

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September 11, 2015 — MillerCoors is making waves in the wildly popular craft beer industry with its latest acquisition of San Diego-based Saint Archer Brewing Company, one of the fastest growing craft beer companies in the country. MillerCoors is a subsidiary of Molson Coors and multinational UK brewing company SABMiller. MillerCoors’ craft and import brew division, Tenth and Blake, has agreed to acquire a majority interest in Saint Archer Brewing Company. This deal indicates a big shift in the beer industry with macro-breweries looking to acquire craft brewing companies to expand their portfolios, as sales of craft beer increased 18% in 2014 while the overall US beer market rose just 0.5%.

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