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San Miguel Brewery

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San Miguel Brewery, Inc.
Company typeSubsidiary
PSE: SMB (2008–2013)
PredecessorsLa Fábrica de Cerveza San Miguel (1890–1913)
The first incarnation of San Miguel Brewery, Inc. (1913–1963)
San Miguel Corporation (beverage division, 1963–2007)
FoundedJuly 26, 2007; 17 years ago (2007-07-26)
Headquarters40 San Miguel Avenue, Mandaluyong, Metro Manila, Philippines
Area served
Worldwide
Key people
Ramon S. Ang (Chairman)
Carlos Antonio M. Berba (President)
ProductsBeer, non-alcoholic beverages
Decrease PHP 17.455 billion (US$365.0 million) [1]
OwnerSan Miguel Corporation
ParentSan Miguel Food and Beverage, Inc. 51,7%
Kirin Holdings Co. Ltd. 48,3%
SubsidiariesSan Miguel Brewing International Ltd.
Websitewww.sanmiguelbrewery.com.ph

San Miguel Brewery, Inc. (SMBI) is a subsidiary of San Miguel Food and Beverage, Inc. (part of San Miguel Corporation) and jointly owned with Kirin Holdings Co. Ltd. The company is the Philippines’ largest brewery with a market share of over 95% as of 2008, notably producing San Miguel Beer (San Miguel Beer).[2]

History

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See also: San Miguel Corporation
The original San Miguel brewery, circa 1915.
San Miguel Brewery Inc. Historical Marker

The first incarnation of San Miguel Brewery, Inc. was founded as La Fábrica de Cerveza San Miguel in 1890 by Enrique María Barreto under a Spanish Royal Charter that officially permitted the brewing of beer in the Philippines. Barretto was soon joined by Pedro Pablo Roxas as managing partner, who brought with him a German brewmaster, Ludwig Kiene, as technical director.[3] The business incorporated as the San Miguel Brewery, Inc. in 1913. It was renamed San Miguel Corporation (SMC) in 1963, having grown into one of the Philippines' largest business conglomerates with core interests in alcoholic and non-alcoholic beverages, food, and packaging. The breweries operated as the beer division of San Miguel Corporation until 2007.

The second incarnation of San Miguel Brewery, Inc. is a subsidiary of San Miguel Corporation, was incorporated on July 26, 2007; the domestic beer business was spun off into San Miguel Brewery, Inc. on October 1, 2007.[4] In 2009, Kirin Holdings Co. Ltd. of Japan acquired 48.3% of San Miguel Brewery, Inc. from SMC for PHP 8.841 per share.[5]

In 2010, San Miguel Brewery, Inc. acquired 100% ownership of San Miguel Brewing International Ltd, enabling San Miguel Brewery, Inc. to achieve full integration of its domestic and international beer businesses. San Miguel Brewing International oversees operations in Hong Kong (San Miguel Brewery Hong Kong), People’s Republic of China, Indonesia, Thailand and Vietnam.

On November 6, 2017, San Miguel Corporation announced the consolidation of its beverage businesses into San Miguel Pure Foods Company, Inc. through a share swap deal. San Miguel Pure Foods Company, Inc. will[needs update] acquire 7.86 billion shares in San Miguel Brewery, Inc. from SMC. As a result, San Miguel Pure Foods Company, Inc. will own 51% of San Miguel Brewery, Inc. After the consolidation, San Miguel Pure Foods Company, Inc. will be renamed San Miguel Food and Beverage, Inc.[6][7][8] The company held a special stockholder meeting on January 18, 2018, which approved the amendments to the Articles of Incorporation and the share swap transaction.[9]

On March 23, 2018, the SEC approved the change in corporate name and amendments in the company's Articles of Incorporation.[10]

Marker from the National Historical Commission of the Philippines

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The marker of Fábrica de Cerveza de San Miguel was installed in 1950 at General Solano Street, San Miguel, Manila. It was installed by the Philippines Historical Committee (now National Historical Commission of the Philippines).[11]

FABRICA DE CERVEZA DE SAN MIGUEL
FUNDADA POR D. ENRIQUE MARIA BARRETO DE YCAZA, 4 DE MARZO DE 1890, EN LA CALZADA DE MALACAÑANG, NUM. 6, AHORA AVILES NUM. 132. INAUGURADA, 4 DE OCTUBRE DE 1890. BENEDECIDA POR EL GOB. ECL. D. EUGENIO NETTAR Y APADRINADA POR EL CAPITAN GENERAL D. VALERISMO WEYLER, GENERALES FEDUCHI Y EL MARQUES DE AHUMADA. ADMINISTRADA SUCESIVAMENTE PRO D. ENRIQUE MA. BARRETO HASTA 1893; D. PEDRO F. ROXAS (SOCIO GESTOR), 1893-1896; D. ENRIQUE BRIAS DE COYA, 1896-1903; D. VICENTE FERNANDEZ, 1903-1910; D. ANTONIO R. ROXAS, 1910-1917; D. ANTONIO BRIAS ROXAS, 1917-1945; CORONEL D. ANDRES SORIANO DESDE 1919. EXTENDIO SUS ACTIVIDADES 1919. [11]

On September 29, 2015, during the 125th anniversary of the founding of San Miguel Brewery, the National Historical Commission of the Philippines installed a historical marker on the San Miguel Headquarters in Mandaluyong.

SAN MIGUEL BREWERY, INC.
NAGSIMULA BILANG LA FABRICA DE CERVEZA DE SAN MIGUEL SA CALZADA DE MALACANANG (NGAYO’Y DAANG J.P. LAUREL), 4 OKTUBRE 1890; ENRIQUE MARIA BARRETO DE YCASA, TAGAPAGTATAG. ITINALA BILANG KORPORASYON NG SAN MIGUEL BREWERY, 21 AGOSTO 1913. PINALAWIG ANG OPERASYON SA PAGGAWA NG IBA PANG PRODUKTO BUKOD SA SERBESA. PANSAMANTALANG ISINARA NOONG IKALAWANG DIGMAANG PANDAIGDIG, 1942-1945. NAGING SANGAY NG SAN MIGUEL COPORATION [sic], 2007. [12]

Philippine Stock Exchange (PSE)

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San Miguel Brewery, Inc. became listed in the Philippine Stock Exchange (PSE: SMB) on May 12, 2008.

On January 2, 2013, trading of its stock was suspended when the rule on the minimum public ownership of listed shares took effect. On February 18, 2013, the company announced that its board of directors had approved the voluntary de-listing of the company from the stock exchange as well as a tender offer to buy back 94.24 million shares – representing the 0.61% public float.[13] On April 24, 2013, the PSE board granted the petition for voluntary delisting filed by the company to take effect on May 15, 2013.[14][15]

Brands

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  • Alcoholic Beverages
    San Miguel Pale Pilsen, SMC's Trademark Product
    San Mig Light. Low Carb (Low Calorie) full strength beer. Alc 5%z
    • San Miguel Pale Pilsen (San Miguel Beer)
    • San Miguel Premium All-Malt Beer
    • San Miguel Super Dry
    • San Miguel Flavored Beer
    • San Mig Light
    • San Mig Free 0.0
    • San Mig Zero (zero sugar)
    • San Mig Hard Seltzer
    • Cerveza Negra (San Miguel Dark)
    • Cerveza Blanca (San Miguel Wheat Beer)
    • Gold Eagle Beer
    • Red Horse Beer
  • Non-Alcoholic Beverages (NAB)
    • Magnolia Cali Sparkling Softdrink
    • Magnolia Flavored Water
    • Magnolia Healthtea
    • Magnolia Fruit Drink
  • Discontinued
    • San Mig Strong Ice
    • San Miguel Oktoberfest Brew
    • Blue Ice
    • Lagerlite
    • San Mig Cola
    • Berri Juice
    • Magnolia PureWater
    • Agua Prima
    • Texas Beer
    • Bionade
    • Rain Malt Soda

See also

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References

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  1. ^ "Rising to the Challenge : Annual Report 2020" (PDF). Sanmiguelbrewery.com.ph. Retrieved March 26, 2022.
  2. ^ "Company Profile". Archived from the original on June 18, 2009. Retrieved March 26, 2022.
  3. ^ "State-Market Dynamics and the Historical Dominance of San Miguel in the Philippine Beer Industry", Julio Teehankee, academia.com 2023
  4. ^ "ABOUT US - San Miguel Brewery Inc". Sanmiguelbrewery.com.ph.
  5. ^ "Kirin Holdings Reference 2009.5.22 : Kirin Holdings Completes Acquisition of San Miguel Brewery Shares". Kirinholdings.co.jp.
  6. ^ Morales, Neil Jerome (November 7, 2017). "San Miguel to consolidate food, beverage units in sale swap". In.reuters.com. Retrieved November 7, 2017.[dead link‍]
  7. ^ dela Paz, Chrisee (November 6, 2017). "San Miguel to merge food, beverage businesses". Rappler.com. Retrieved November 7, 2017.
  8. ^ Dumlao-Abadilla, Doris (November 7, 2017). "SMC spins off key units". business.inquirer.net. Retrieved November 7, 2017.
  9. ^ Gonzales, Iris (January 19, 2018). "San Miguel moves closer to merging food, beverage units under Pure Foods". Philstar. Retrieved January 19, 2018.
  10. ^ "Disclosure letter to SEC" (PDF). San Miguel Corporation. March 27, 2018. Retrieved April 6, 2018.
  11. ^ a b Historical Markers: Metropolitan Manila. National Historical Institute. 1993.
  12. ^ "NHCP UNVEILED THE "SAN MIGUEL BREWERY INC." HISTORICAL MARKER". Nhcp.gov.ph. Archived from the original on October 6, 2015.
  13. ^ Doris C. Dumlao (February 18, 2013). "San Miguel Brewery delisting from PSE, sets tender offer at P20 each". Business.inquirer.net.
  14. ^ "PSE approves San Miguel Brewery delisting on May 15". Gmanetwork.com.
  15. ^ "It's confirmed: San Miguel Brewery to delist May 15". Rappler.com. May 9, 2013.
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