DENVER and NEW DELHI, India—Coors Brewing Company d/b/a Molson Coors International (MCI), a wholly-owned subsidiary of Molson Coors Brewing Co., has acquired India-based Mount Shivalik Breweries Ltd. (MSBL).
As part of the transaction, MCI acquired MSBL’s entire brand portfolio, including the leading strong beer brand, Thunderbolt, and assumes direct control over brewing operations in Haryana and Punjab provinces, as well as distribution for Thunderbolt in Bihar province.
Terms of the transaction were not disclosed, but all required regulatory approvals have been received. The entity will continue to be called Mount Shivalik Breweries for a period of time.
Molson Coors entered India in June 2011, when the company purchased a controlling stake of Cobra India, thereby creating the joint venture Molson Coors Cobra India. Molson Coors Cobra maintains one brewery in Bihar.
MSBL will be headquartered in Chandigarh and operate as a separate entity from Molson Coors Cobra with a separate governing board. The MSBL leadership team will be led by Ravi Kaza.