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Singapore-headquartered Inbrew Holdings Pte. Ltd, which is owned by UK-based entrepreneur Ravi Deol, has acquired Molson Coors Brewing Co.’s beer business in India, as the American firm is in the process of exiting non-core geographies.

The deal value was not disclosed. Molson Coors India Pvt. Ltd (MCIPL) is a subsidiary of Coors Brewing USA with popular beer brands in India.

Molson Coors, North America’s second-biggest beer producer, had acquired Mohali-based Mount Shivalik Breweries Ltd in 2015. The acquisition gave it control of two breweries, in Punjab and Haryana, besides adding Thunderbolt, a popular strong beer brand in north India, to its portfolio.

As part of the recent deal, Inbrew Holdings will acquire Thunderbolt and the rights to Molson Coors’ other brands such as Millers, Miller High Life, Miller Ace, Blue Moon, Carling and Cobra in India.

Inbrew will own the plants, along with the entire business operations in India. The facilities have a combined capacity of over 600 hectoliters with a scope for doubling capacity, besides Molson Coors’ brewery in Bihar. The total installed capacity of the breweries is 16 million unit cases.

“Molson Coors has invested significantly in India and we plan to expand the manufacturing footprint and distribution of Thunderbolt to smaller cities and towns, a strong base for strong beers. We will be launching the brand in more southern states," said Deol.

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