Molson Coors Forms Joint Venture to Brew and Sell Yuengling Beers

Molson Coors Beverage Co. is forming a joint venture with family-owned D.G. Yuengling & Son Inc. to start brewing and selling Yuengling beer beyond the East Coast, as both companies search for growth amid the pandemic.
Yuengling is the sixth-largest brewery in the U.S., and its beers are currently available in 22 states. Molson is grappling with a yearslong decline of its core light lager brands, and both brewers have weathered a drop in sales this year from pandemic-related closures of restaurants, bars and other venues.