Molson Coors acquired stakes in Pardubicky Pivovar in the Czech Republic and Hop Stuff Brewery in the U.K. as part of a continuing strategy to premiumize and expand its beer portfolio. Terms weren’t disclosed.
Molson Coors in June completed the acquisition of a majority stake of 148-year-old regional brewer Pardubicky Pivovar, which makes a roster of brands including Pernštejn, Taxis and Porter. The deal also includes Pardubicky’s Slovakian distribution company.
Then last week, it completed a brand and asset purchase of London-based Hop Stuff Brewery and its three taprooms in the London metro. The acquisition of the craft brewer, which specializes in hop-forward beers, came via a pre-packaged administration process, which allows Molson Coors to retain all of its employees.
Terms of neither deal were disclosed.
MillerCoors has no immediate plans to bring brands from either brewery to the U.S. “Our focus and attention is squarely on growing our five craft partners in the United States,” said Pete Marino, president of MillerCoors craft and import arm, Tenth and Blake.