date:Jun 30, 2014
Molson Coors Brewing Co. Chief Executive Officer, Peter Swinburn, regards North American craft breweries as massively overvalued. While demand for small-batch beers is growing in the U.S. and Canada, the companies that make them are typically too expensive to justify an acquisition, he said.
Im sure the craft owners would say theyre not overvalued, Swinburn said in an interview at Bloombergs headquarters in New York yesterday. Im just saying we have to generate value from any purchase we make,