News Column

SABMiller Canada to Terminate Canadian License Agreement

Feb 27 2013 12:00AM

Marketwire

Tracker

TORONTO, ONTARIO -- (Marketwire) -- 02/27/13 -- Miller Brewing Company, a subsidiary of SABMiller plc, confirms that it is terminating its Canadian License Agreement with Molson Coors Canada. Although Molson Coors Canada has filed a lawsuit in Ontario seeking to prevent termination of the License Agreement, Miller is vigorously defending that action and maintains its right to terminate.

"While Miller brands make up only a small percentage of Molson Coors' Canadian sales, this decision reflects our belief that there exists the opportunity to grow Miller's brands in Canada," said Paul Gurr, Managing Director - Canada. "We see Canada as a country with a rich tradition of beer appreciation and believe we can better serve Canadians' needs through this transition."

SABMiller remains committed to the Canadian market, and Miller trademark brands will continue to be available within Canada.

Miller has provided Molson Coors Canada with the necessary 6-months' notice of termination, as of January 18, 2013. As such, the agreement will be terminated as of July 22, 2013.



Contacts:
Canada Inquiries:
Navigator Ltd.
John Ratchford
416-640-1579
JRatchford@navltd.com

Investor relations contact:
SABMiller plc
Nigel Fairbrass
SVP Global Communications and Reputation
+44 20 7659 0105
nigel.fairbrass@sabmiller.com

SABMiller plc
Richard Farnsworth
Business Media Relations Manager
+44 20 7659 0188
richard.farnsworth@sabmiller.com





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters