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).

History

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. 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. In 2009, Kirin Holdings Co. Ltd. of Japan acquired 48.3% of San Miguel Brewery, Inc. from SMC for PHP 8.841 per share. 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 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. 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. On March 23, 2018, the SEC approved the change in corporate name and amendments in the company's Articles of Incorporation.

Marker from the National Historical Commission of the Philippines

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). 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.

Philippine Stock Exchange (PSE)

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. On April 24, 2013, the PSE board granted the petition for voluntary delisting filed by the company to take effect on May 15, 2013.

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