In 1983, Carlton and United Breweries purchased Elders IXL, a giant Australian diversified conglomerate, and was renamed the Elders Brewing Group. Then in 1990, the Elders Brewing Group changed its name to the Foster's Group, to reflect the name of their most internationally recognised product.
In 2005, Foster's Group acquired the Australian wine-making group Southcorp. This acquisition added famous brands such as Penfolds, Lindemans and Rosemount to the Foster's stable and around $1 billion AUD to revenues.
Foster's Group imports, licenses, and distributes a large number of brands. In Australia, Foster's distributes the Asahi Super Dry, Cinzano, Corona, Kronenbourg 1664, Perrier, Skyy vodka, Stella Artois, and 42 Below import brands among many others. While in the United States and Canadian markets, Molson brews and sells Foster's Lager under license.
The company is committed to high standards of Occupational Health and Safety, however in August 2008, it was convicted and fined more than $1-million for two breaches of Victoria's (Australia's) Occupational Health and Safety Act which led to the death of a worker in 2006 . The prosecution of the company by the Director of Public Prosecutions for WorkSafe Victoria resulted in a call for the company to better report on health and safety in its Annual Report.