Foster's Group Limited

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Fosters Group was an Australian beer group with interests in brewing and soft drinks. Fosters Group Limited was based in Melbourne, Victoria and was renamed Carlton & United Breweries prior to sale to British-South African multinational SABMiller. Fosters Group was the brewer of the Fosters Lager. Fosters wine business was split into a separate company, Treasury Wine Estates, in May 2011. It was founded in Melbourne in 1888 by two American brothers William and Ralph Foster of New York, who happened to own a refrigeration plant. Cooling was necessary to brew and store acceptable lagers in Australias hot climate, unlike the English-style dark ales commonly brewed at the time. They sold the brewery the following year and returned to the United States.[citation needed] In 1983 Elders IXL, a giant Australian diversified conglomerate, purchased Carlton and United Breweries, and renamed it Elders Brewing Group. Then in 1990, the Elders Brewing Group changed its name to the Fosters Group, to reflect the name of their most internationally recognised product.
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