San Miguel Brewery

History

The original San Miguel Brewery, Inc. was founded as La Fábrica de Cerveza de San Miguel in 1890 by Enrique María Barreto under a Spanish Royal Charter that officially permitted the brewing of beer in the Philippines and incorporated as the first 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. San Miguel's original recipe was first drafted in Beijing, China. The breweries operated as the beer division of SMC until 2007.

San Miguel Brewery, Inc. (SMB) was incorporated on July 26, 2007 as a subsidiary of SMC and the domestic beer business was spun off from SMC to SMB on October 1, 2007. In 2009, Kirin Holdings Co. Ltd. of Japan acquired 48.3% of the company from SMC for PHP 8.841 per share.

In 2010, SMB acquired 100% ownership of San Miguel Brewing International Ltd. (SMBIL) from SMC. The acquisition of SMBIL enabled SMB to achieve full integration of San Miguel’s domestic and international beer businesses. SMBIL oversees operations in Hong Kong, People’s Republic of China, Indonesia, Thailand and Vietnam.

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 City.

Philippine Stock Exchange (PSE)

SMB became listed in the Philippine Stock Exchange (PSE: SMB) on 12 May 2008.

On 2 January 2013, trading of its stock was suspended when the rule on the minimum public ownership of listed shares took effect. On 18 February 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 24 April 2013, the PSE board granted the petition for voluntary delisting filed by the company to take effect on 15 May 2013.

Breweries

SMB operates six breweries in the Philippines:

International operations

San Miguel Brewing International Ltd. (SMBIL) is a wholly owned subsidiary of SMB which operates subsidiaries in the following countries:

Hong Kong and China:

Indonesia:

Vietnam:

Thailand:

International products

Softdrink:

Carbonated water:

San Miguel is also produced in Nepal through a licensing agreement.

Relation with San Miguel Beer (Spain)

As part of its overseas expansion, San Miguel began its foray into the Spanish market in 1953, setting up the company which would later become San Miguel Spain. Since 1946, there has been a company engaged in the production of malt for medicinal purposes known as La Segarra. In the early 1950s, its key shareholders Enrique Suárez Rezona, Ramón Vidal and Jaime Muñiz made contact with Andres Soriano, then president of San Miguel Brewery, to allow them to produce beer under the San Miguel name in Spain. In 1953, San Miguel Brewery, Inc. signed the “Manila Agreement”, with the Philippine brewer setting up a new Spanish brewery, La Segarra, S.A.. The company would later be renamed San Miguel Fabricas de Cerveza y Malta, S.A. in 1957, an affiliate of San Miguel Brewery, Inc. which initially held 20% equity share via its Hong Kong subsidiary.

The company was acquired by Mahou, S.A. from Groupe Danone in 2000, combining to form Spain’s largest brewer, the Mahou-San Miguel Group. On 26 February 2014, San Miguel and Mahou-San Miguel signed a co-operation agreement to promote jointly San Miguel Beer and expand its global footprint.