Labatt Breweries has purchased the privately owned Mill St. Brewery, in a recent acquisition by the Canadian beer giants.
With this new move, Labatt is hoping to expand the reach of the craft label to more places around Canada, including Quebec, and the United States.
“We think that this partnership will really help expand awareness of craft across the country,” said Charlie Angelakos, vice president of corporate affairs at Labatt. “The folks of Mill Street have built a great business and we want to continue to help them foster that growth.”
As a part of the agreement, Labatt will also be investing $10 million in operating costs to further help the development of the Mill St. brand.
This isn’t the first time that Labatt has dabbled in the craft/microbrew market, as the company already owns ShockTop, which sells its beer in the microbrew section at liquor stores.
Is this the beginning of the end, by being bought out by major brewers, for microbreweries across the country?
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