Labatt gets crafty
Craft brewer Mill Street acquired by Labatt Breweries.
On October 9, 2015, Labatt Breweries of Canada announced it had acquired Mill Street Brewery.
Mill Street is a popular Toronto-based craft beer manufacturer that has, since its inception in 2002, become Canada’s largest certified organic beer producer.
Although finances were not disclosed, Labatt is investing CDN $10-million to purchase additional tanks and other equipment to increase production at the Mill Street facility.
While over all beer consumption declined by six percent in 2014, craft beer was up by seven percent.
The acquisition of Mill Street will allow Labatt to expand the brand and craft beers into newer Canadian markets such as Quebec.