The Stroh Brewery Co., Detroit, will undertake a major asset allocation study of its $78 million defined benefit plan and possibly include the $119 million defined benefit plan of G. Heileman Brewing Co., Rosemont, Ill., said Kenneth C. Mitchell, Stroh's manager-pension benefits.
Stroh's purchase of Heileman could be completed in July. Stroh has not decided whether to combine the plans. The asset allocation study could begin in a month and finished by September. Wyatt will assist in the study. Mr. Mitchell said Stroh also will review an asset allocation study Mercer completed for Heileman before the purchase.
None of the plans' money managers overlaps. The Stroh defined benefit plan uses J.P. Morgan, Ariel Capital Management and Society National Bank. The Heileman plan uses American Express Institutional Services, First Union National Bank, IDS, Investment Advisers and Star Bank. In defined contribution funds, Stroh has $117 million and Heileman, $68 million. Stroh uses Fidelity and MetLife. Heileman uses Putnam, American Funds, Primco and First Bank of Wisconsin.