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MillerCoors grew from the dreams of two German entrepreneurs who came to America in the mid-19th century.
Miller Brewing Company began when a determined young brewer, Frederick J. Miller, brought his passion for beer to the United States. Miller settled in Milwaukee, where in 1855 he bought the Plank Road Brewery and made his first delicious beer, using yeast that he had carried with him all the way from Europe.
Coors Brewing Company tapped its first barrel in 1873, when Adolph Coors opened The Golden Brewery in Colorado. Coors was born in Prussia and apprenticed at a brewery in his teens. With characteristic spirit, he stowed away on a ship to get to America and bring his brewing dream to life.
The Company was founded in South Africa in 1895 as South African Breweries (SAB): the business operations were mainly limited to southern Africa, where it had established a dominant position in the market, until 1990 when it began investing in Europe.
After listing on the London Stock Exchange in 1999 to raise capital for acquisitions, the group purchased the Miller Brewing Company in North America from the Altria Group in 2002, and changed its name to SABMiller.
Following this, the group’s next major acquisition was of a major interest in Bavaria S.A., South America’s second largest brewer and owner of the Aguila and Club Colombia brands in 2005.
The company became engaged in the hostile takeover of Fosters in August 2011, and in September 2011, the board of Foster's agreed to a takeover bid valuing the company at Aus$9.9bn (USD$10.2bn; £6.5bn). The deal expected to be completed by the end of the year, but exclude the Foster's larger brand in the UK and Europe, where it is owned by Heineken.