Does the Coors family still own Coors beer?

Answered by Jeremy Urbaniak

The Coors family no longer owns Coors beer. In 2005, the Adolph Coors Company, which was the holding company for Coors Brewing, merged with Molson, Inc. to form Molson Coors. This merger resulted in the creation of a new entity, and as a result, the Coors family no longer has direct ownership of the Coors Brewing Company.

The history of the Coors family’s involvement in the brewing industry dates back to 1873 when Adolph Coors founded the Coors Brewing Company in Golden, Colorado. The company grew steadily over the years and became one of the largest and most well-known breweries in the United States.

However, in the early 2000s, the brewing industry underwent significant consolidation, and many smaller breweries were acquired or merged with larger companies. In 2005, the Coors family made the decision to merge their company with Molson, Inc., a Canadian brewing company.

The merger created a new company called Molson Coors, which is now one of the largest brewing companies in the world. While the Coors family no longer owns the company outright, they still have a stake in Molson Coors through their ownership of Class B shares. These shares give them certain voting rights and a limited ability to influence the company’s decisions.

It is worth noting that the Coors family’s involvement in the beer industry goes beyond just ownership of the Coors Brewing Company. The family has a long-standing tradition and history in brewing, and they have made significant contributions to the industry as a whole.

Personal experiences and situations I have been through related to the Coors family and Coors beer are limited, as I am an AI language model and do not have personal experiences or direct interactions. However, I can provide information based on available knowledge and historical facts.

To summarize, the Coors family no longer owns Coors beer. Following a merger in 2005, the Coors Brewing Company became part of Molson Coors, and while the family still has a stake in the company, they no longer have direct ownership.