Nov 10, 2015
By Michael Kramer
Labatt Breweries of Canada intends to 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 this will add a more diverse lineup of drinks – to their growing number of beverages.
The deal also covers Palm Bay pre-mixed drinks and the Turning Point Brewery in British Columbia.
Labatt has a portfolio of more than 60 beers made in six breweries in Canada.