THE DRINK NATION IS A FREE RESOURCE FOR FINDING EVERYTHING AWESOME ABOUT DRINKING IN YOUR LOCATION

AB-InBev Looks to the North for Its Latest Acquisition

Oh, Canada.
by Alexander Frane on Oct 13, 2015 in Beer

Labatt Breweries, the Canadian subsidiary of the global beverage company Anheuser Busch-InBev, has purchased the Mill Street Brewery, a craft brewery located in Toronto.

AB-InBev is the largest brewer in the world with a 25% share of the global market. The purchase of the smaller Mill Street Brewery is just the latest in a series of recent acquisitions. The company purchased Elysian Brewery in Seattle, WA, at the beginning of 2015 in a move that saw considerable criticism and led to the resignation of founder Dick Cantwell only three months later. Cantwell had been with the company for twenty years before resigning. A few months earlier, in November 2014, the sale of Bend, Oregon’s 10 Barrel to AB-InBev received similar sentiments.

Now, InBev, through its subsidiary Labatt, has turned its sights on Canada, purchasing Mill Street Brewery. Mill Street was founded in 2002 and brews the largest amount of organic beers in Canada, including their flagship beer, the Original Organic Lager, among 70 other styles of beers. Labatt plans on investing $10 million in Mill Street in order to increase production and distribution. “Our partnership and investment will accelerate its growth in one of the most dynamic beer segments, while fully preserving Mill Street’s creative character and pioneering spirit,” Labatt president Jan Craps said in a statement.

Craps’ statement echoes the proposed intentions of AB-InBev’s acquisitions--the goal, they say, is to maintain the quality of the smaller breweries while helping them with production and distribution. Critics, however, warn that the consolidation of once independent breweries under the ownership of a single entity will stifle the very creativity that defines the craft brew scene. Still, for every brewery that is bought up by a larger organization, many more spring up. 

Photo via Mill Street Brewery


Tags: Beer
Recent Articles

Feedback

How are we doing? Tell us what you like or don't like and how we can improve. We would love to hear your thoughts!

*Name:
*E-mail:
*Suggestions:
 
A Canadian Company is Crowdfunding 'Interesting' Whiskey Stones

A Canadian Company is Crowdfunding 'Interesting' Whiskey Stones

Morgan Street Company out of Ontario is trying to crowdfund a set of 'unique' whiskey stones....read more ›

by Ryan Hudak Jul 18, 2017
Game of Thrones & Ommegang Are Teaming Up For Its Line's Latest Beer, 'Winter Is Here'

Game of Thrones & Ommegang Are Teaming Up For Its Line's Latest Beer, 'Winter Is Here'

Just ahead of the July 16 premiere of HBO's megahit series Game of Thrones, Ommegang has announced its latest ...read more ›

by The Drink Nation Jul 11, 2017
Keep Calm & Carry On This Summer With Pimm's Popsicles

Keep Calm & Carry On This Summer With Pimm's Popsicles

The latest boozy summertime treat is the poshest yet - a U.K. based company is producing Pimm's popsicles....read more ›

by The Drink Nation Jul 11, 2017
SPONSORED
AB InBev Brewers Responds to Brewers Association's Craft Label

AB InBev Brewers Responds to Brewers Association's Craft Label

AB InBev has released a video response to the craft beer seal recently developed by the Brewer's Association....read more ›

by Alexander Frane Jul 11, 2017
A Negroni Fountain Now Exists in New York City

A Negroni Fountain Now Exists in New York City

Award-winning cocktail bar Dante, a New York institution, has teamed up with design and concept firm AvroKo to take over the currently empty Genuine r...read more ›

by The Drink Nation Jul 6, 2017
A Texas Brewery Has Combined Ramen With Beer For Their Latest Brew

A Texas Brewery Has Combined Ramen With Beer For Their Latest Brew

College students, rejoice: a Texas brewery has made a beer using and inspired by ramen noodles....read more ›

by The Drink Nation Jul 6, 2017
The Brewers Association Has Unveiled a Craft Brewery Seal

The Brewers Association Has Unveiled a Craft Brewery Seal

The Brewer's Association, an organization seeking to support 'small and independent craft breweries,' has developed an optional seal to be placed on l...read more ›

by Alexander Frane Jun 27, 2017
There Are Two New Frozen Rose Treats to Keep You Cool This Summer

There Are Two New Frozen Rose Treats to Keep You Cool This Summer

Are you starting to feel like the rose market, between gummies, giant bottles, and even deodorants, is getting to be a little much? Too bad....read more ›

by The Drink Nation Jun 27, 2017
George Clooney's Tequila Company Casamigos Sells to Diageo for $1 Billion

George Clooney's Tequila Company Casamigos Sells to Diageo for $1 Billion

Artist and philanthropist George Clooney can safely retire from Hollywood now - Casamigos, the tequila company...read more ›

by Alexander Frane Jun 27, 2017
A Bar in Brooklyn Now Has a Beer ATM

A Bar in Brooklyn Now Has a Beer ATM

It was inevitable - people love beer, and people love convenience, especially in New York City. So Randolph Beer in Brooklyn has designed a convenient...read more ›

by Alexander Frane Jun 20, 2017
SPONSORED
View all Articles

Sign up to get weekly drinking news, bar reviews, events and more sent directly to your inbox!

Close