Carlsberg to acquire Waterloo Brewing for $144 million as global beer giant looks to boost market share in Canada

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 55%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Waterloo, founded in 1984 as Brick Brewing, is the latest and one of the biggest in a series of Ontario brewers to be taken over in the wake of the pandemic.

Waterloo Brewing, one of Canada’s oldest craft breweries, has agreed to a $144-million takeover offer by Danish brewing giant Carlsberg.

In a news release, Carlsberg CEO Cees’t Hart said the company plans to boost its market share in Canada. “Our board of directors is confident that joining Carlsberg is the best long-term solution for our employees, partners, customers, consumers and community,” Waterloo CEO George Croft said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ontario Craft Brewers OntCraftBrewers I gather if Waterloo Brewing hadn't already been re-evaluated as an Ontario Craft Brewery...with the sale to CarlsbergGroup it definitly no longer qualifies as such?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 60. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines