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On July 22, 2004, the Adolph Coors Company, the holding company that owned Coors Brewing, announced it would be merging with Canadian brewing company Molson, Inc. The merger was completed February 9, 2005, with the merged company being named Molson Coors Brewing Company. Coors Brewing Company became a subsidiary of the new company. Due to the merger, Molson Coors was rated the third largest producer of beer in the United States, and the second largest brewer in the United Kingdom.