Carlsberg acquires Canadian brewer Waterloo in $106 million deal

Danish brewer Carlsberg said on Thursday it had agreed to buy Canadian Waterloo Brewing. Photo: Carlsberg

As part of Danish brewer, Carlsberg’s, strategy of growing in categories beside its central beer market towards 2027, it has agreed to buy Canadian Waterloo Brewing for a total equity value of around $106 million in cash.

According to online media, Yahoo Finance, the buy was announced in a statement in which the brewer said Waterloo Brewing’s portfolio of local beers and ready-to-drink beverages complements Carlsberg’s own international beer and cider portfolio.

Carlsberg is yet awaiting Waterloo’s security holders to approve the deal, but expects a closing in the first half of 2023. Waterloo’s board recommends shareholders to vote in favor while the boards of both brewers have already approved the transaction.


About Jeannette Hinrup

Jeannette Sophie Hinrup is a Danish environmental geographer traveling South East Asia while writing for ScandAsia.

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