As the traditional beer market struggles and the premium end expands, privately owned Adelaide Brewer, Coopers, sits in the sweet spot.
In January, Managing Director Dr Tim Cooper said the company’s after tax profit rose to a record $27.2 million in 2012, “up 18% on the $23 million in 2010–11”.
Cooper also announced a $20 million expansion program for this year, to meet growing demand for its own products and to brew under contract for Sapporo and Carlsberg.
Cooper said beer sales to December 2013 were up 13.6 per cent on 2011 – attributing half of the increase from sales of Sapporo, Carlsberg and Kronenbourg.
Coopers claims to be the biggest Australian owned brewery with a market share of four per cent. But that status seems likely to be challenged when Coca Cola Amatil returns to Australia’s beer market in 2014.
Copyright © Chris Shanahan 2013
First published 6 February 2013 in The Canberra Times