Reading Time: < 1 minute A one-time microbrewery in Calgary has announced a major expansion with plans to more than double its staff. A $9.6 million investment by Labatt Breweries of Canada will see the Banded Peak Brewing Co. expand its 4,800 square foot brewery by an additional 7,000 square feet. The company is also increasing staff by 68 […] Read more
Calgary brewery gets $9.6 million shot in the arm
Banded Peak Brewing to expand with investment from owner Labatts
Labatt to partner with Tilray to tap cannabis drink market
Toronto | Reuters — Anheuser-Busch InBev, the world’s largest brewer, and Canadian pot producer Tilray Inc. are partnering in a US$100 million joint venture to research cannabis-infused non-alcoholic drinks for the Canadian market, the companies said Wednesday. The alliance, the latest in a string of deals by global alcohol and tobacco giants in Canada’s cannabis […] Read more
SABMiller investors approve takeover by AB InBev
London/Brussels | Reuters — SABMiller shareholders overwhelmingly backed the brewer’s takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. When the deal closes, which AB InBev said Wednesday it expects to happen Oct. 10, the combined group will sell more than a quarter of […] Read more
Labatt’s owner wins over SABMiller at fifth attempt
Brussels/London | Reuters –– The world’s two biggest brewers agreed on Tuesday to create a company making almost a third of the world’s beer after SABMiller received an improved offer worth more than C$130 billion from larger rival Anheuser-Busch InBev. If it goes through, the deal would rank in the top five mergers in corporate […] Read more
Labatt owner ups offer for SABMiller as deadline looms
Reuters — Anheuser-Busch InBev raised its proposed takeover offer for SABMiller on Monday, as the world’s largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world’s beer. The owner of the Budweiser, Labatt and Alexander Keith’s brands said it would […] Read more
Labatt buys Toronto craft brewer Mill Street
An award-winning Toronto craft brewer, famed as the biggest certified organic brewer in Canada, is now owned by the makers of Bud and Blue. Labatt Breweries, the Canadian arm of Anheuser-Busch InBev, announced Friday it has bought Mill Street Brewery for an undisclosed sum and will “immediately” invest $10 million in upgrades at Mill Street’s […] Read more
SABMiller rejects Labatt owner’s takeover approach
Brussels/London | Reuters –– SABMiller, the world’s second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev, saying its 68 billion-pound (C$136 billion) valuation was “very substantially” under par. Refusal of the offer, made public Wednesday after earlier proposals were refused privately, opens the door to a week of intense wrangling before […] Read more
Labatt owner AB InBev seeks US$275B tie-up with SABMiller
Brussels/London | Reuters — Anheuser-Busch InBev, the world’s largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world’s beer. A merged group would have a market value of around US$275 billion (C$363 billion) at current prices, and would combine AB InBev’s dominance of Latin America […] Read more
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