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ENDING DRIVE TO DIVERSIFY, MOLSON PLANS TO SELL DIVERSEY
Published January 24, 1996
Molson Cos., ending a drive to diversify away from its core business, said it has agreed to sell most of its cleaning- chemicals division for C$780M. Molson hasn't decided on whether it will sell the rest of the division, which it estimates could net the company another C$350M. Molson President & CEO Marshall Cohen said the actions "are consistent with our desire to strengthen Molson's focus on its traditional roots in brewing and sports" (Larry Greenberg, WALL STREET JOURNAL, 1/24). Molson owns the Canadiens, the Forum and the new Molson Centre.