Molson Coors Buys Mount Shivalik Breweries; Terms Undisclosed - Quick Facts

(RTTNews) - Molson Coors Brewing Co.(TAP, TPX.TO) announced that its wholly owned subsidiary, Coors Brewing Company d/b/a Molson Coors International or MCI, has acquired Mount Shivalik Breweries Ltd. or MSBL.

As part of the transaction, MCI acquired MSBL's entire brand portfolio, including the leading strong beer brand, Thunderbolt, and assumes direct control over brewing operations in Haryana and Punjab, as well as distribution for Thunderbolt in Bihar.

Terms of the transaction were not disclosed and all required regulatory approvals have been received. The entity will continue to be called Mount Shivalik Breweries for a period of time.

MSBL will be headquartered in Chandigarh and operate as a separate entity from Molson Coors Cobra with a separate governing board. The MSBL leadership team will be led by Ravi Kaza, President Molson Coors Cobra India.