Miller had been producing both brands prior to the purchase. In 2006, SABMiller purchased the Sparks and Steel Reserve brands from McKenzie River Corporation for $215 million cash. In 2002, South African Breweries bought Miller from Philip Morris for $3.6 billion worth of stock and $2 billion in debt to form SABMiller, with Philip Morris retaining a 36% ownership share and 24.99% voting rights. In 1999 Miller acquired the Hamm's brand from Pabst. Grace for $130 million, outbidding PepsiCo. In 1969, Philip Morris (now Altria) bought Miller from W. Grace and Company bought Miller from Lorraine John Mulberger (Frederick Miller's granddaughter, who objected to alcohol) and her family.
The company was one of the six breweries affected by the 1953 Milwaukee brewery strike. The enterprise remained in the family until 1966. In 1855, Miller changed its name to Miller Brewing Company, Inc. The brewery's location in what is now the Miller Valley provided easy access to raw materials produced on nearby farms. Initially, he purchased the small Plank Road Brewery in Milwaukee for $2,300 ($66,736 in 2018). Miller Brewing Company was founded in 1855 by Frederick Miller after his emigration from Hohenzollern, Germany in 1854 with a unique brewer's yeast. JSTOR ( October 2021) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed.įind sources: "Miller Brewing Company" – news Please help improve this article by adding citations to reliable sources. This section needs additional citations for verification.
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