Economics, Largest Companies, Foreign Ownership
See also: Foreign ownership of companies of CanadaCanada's largest brewing companies were traditionally Labatt's and Molson. Labatt's was purchased in 1995 by the Belgian company Interbrew (now part of Brazilian-Belgian Anheuser-Busch InBev, the world's largest brewing company) and Molson merged with US company Coors in 2005 to create Molson Coors, now the world's fifth largest brewing company. With the purchase of Sleeman Breweries, the largest remaining Canadian brewer, in 2006 by the Japanese owned Sapporo Brewery, Canada’s beer production has been mainly under the control of foreign multinationals. By the end of 2006, nearly 90% of beer sales was of product brewed domestically under license from non-domestic corporations. American beers brewed under license dominate much of the market, and as of 2008 Budweiser was the top selling brand with 13% of the market, followed by Coors Light with 12%. Molson Canadian and Labatt Blue, for decades the top-selling brands, now hold third and fourth place. The market in Canada for domestic beer is dominated by Labatt, Molson and Sleeman, all foreign-owned companies. The largest Canadian-owned brewer, Moosehead Brewery, controls about 5.5% of the Canadian market.
Read more about this topic: Beer In Canada
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