A Glass Half Full

On June 30th, SABMiller plc and Molson Coors announced their joint venture Miller Coors to consolidate resources and compete with greater combined force in the U.S. market. From their first press release Chief Executive Leo Kiely states “MillerCoors will be entrepreneurial, with the ability to operate with speed and agility in the marketplace, backed by the powerful combined resources of two exceptionally successful companies. We will drive profitable growth and bring new energy to the U.S. beer industry. Our focus now is to deliver on the $500 million in identified annualized cost synergies by improving sourcing across our eight major breweries, building a streamlined organization and leveraging the scale of the new company. Our talented people are experienced and passionate about t