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.
Source: https://sg.finance.yahoo.com/news/carlsberg-snaps-canadas-waterloo-brewing-062456290.html
