Labatt Breweries To Buy Mike's Hard Lemonade, Okanagan Cider For US$350 Million

Darpan News Desk The Canadian Press, 10 Nov, 2015 02:01 PM

TORONTO — Labatt Breweries of Canada says it will buy Mike's Hard Lemonade and Okanagan Cider in an agreement with the Mark Anthony Group of Companies.

The deal is valued at US$350 million.

Labatt president Jan Craps says the agreement adds a more diverse lineup of drinks to their growing stable of beverages.

The Mark Anthony Group would retain full ownership of its U.S. operations and its Canadian wine, spirits and beer import and distribution business.

Labatt has a portfolio of more than 60 beers made in six breweries in Canada.

The sale is expected to close in the coming months.

Prev Next

MORE National ARTICLES

Judge To Rule On Bail Application Of Man Accused Of Murdering Halifax Student

HALIFAX — A judge in Halifax says he'll issue a ruling today in the bail hearing for a 23-year-old man charged in the death of a Dalhousie University student.

Judge To Rule On Bail Application Of Man Accused Of Murdering Halifax Student

Meat-Lovers Treat, The Donair, Could Be Designated The Official Food Of Halifax

HALIFAX — For most anyone who lives in Halifax, the messy late-night ritual at the corner of Blowers and Grafton streets is a well known guilty pleasure.

Meat-Lovers Treat, The Donair, Could Be Designated The Official Food Of Halifax

Much Smaller NDP Caucus Plans For Future In Post-election Conference Call

OTTAWA — New Democrats say they remain optimistic and resolute, even though their dreams of forming government were crushed in Monday's election.

Much Smaller NDP Caucus Plans For Future In Post-election Conference Call

Police Investigator Being Cross Examined About Interview In Oland Murder Trial

SAINT JOHN, N.B. — Defence lawyers for Dennis Oland have begun cross-examining the lead investigator of the murder of Richard Oland.

Police Investigator Being Cross Examined About Interview In Oland Murder Trial

Threats Against Westjet Flight Exposed Holes In Information Sharing, Feds Told

A spate of bomb threats against Canadian airlines over the summer exposed what one airport executive believed were shortcomings in how the industry and federal government share information about threats, newly released documents show.

Threats Against Westjet Flight Exposed Holes In Information Sharing, Feds Told

Belgian Princess Visits Vancouver, Calgary To Increase Trade, Investment

A trade delegation of 228 people — including a Belgian royal — has started a week-long visit to British Columbia and Alberta in an effort to promote Belgian companies and establish ties to other markets, including Asia.