Australian beverage company Foster's Group Limited (FGL), headquartered in Melbourne, was founded in 1886 by brothers William and Ralph Foster of New York. They had a refrigeration system that was needed for the production of beer. One year later, they sold the company again and returned to the United States. The Australian breweries Carlton, Castlemaine, Foster's, McCracken, Shamrock and Victoria formed in 1903 a cartel called "Society of Melbourne Brewers". Four years later, a merger of these companies took place under the name "Carlton & United Breweries" (CUB). This group went public in 1913.
As a result, many more breweries were incorporated. Finally, "CUB" was taken over in 1983 by the company conglomerate "Elders IXL" and was now called "Elders Brewing Group". In 1990 a change was made to "Foster's Brewing Group". The name refers to the internationally most successful product exported to 150 countries "Foster's Lager". The current name "Foster's Group" was decided in 2004. The product portfolio includes beers (50 brands), spirits. ciders. Dessert wines. wines and soft drinks,
However, the company entered the wine business relatively late. This was only in 1996 with the purchase of the Australian wine multinational Mildara pale, This then merged with the Californian group in 2000 Beringer Vineyards, which resulted in Beringer Blass Wine Estates one year later. By purchase of the Australian multis South Corp in 2005, the companies owned by this Australian group also arrived Lindeman's. Penfolds. Rosemount Estate. Seppelt and Wynns and many more wineries owned by these five companies are added to Foster's. The group has now been renamed Foster's Wine Estates . After bad business results, CEO Trevor O'Hoy resigned in 2008. Finally, in 2010, the shareholders decided to completely separate the beer and wine business. The realization took place in May 2011 by founding the independent, stock exchange-oriented company Treasury Wine Estates, See also below globalization and largest wine companies in the world,