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
spacer

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:
 
Behind the Bar: Liana Oster of Dante

Behind the Bar: Liana Oster of Dante

For this exciting installment of Behind the Bar, we had the incredible opportunity to sit down with Liana Oster, the head bartender at Dante in New Yo...read more ›

by The Drink Nation Jan 7, 2020
Taste a Slice of Chicago at Wyman's No. 5 in Denver

Taste a Slice of Chicago at Wyman's No. 5 in Denver

Modeled after the gritty taverns of Joliet, Illinois. ...read more ›

by Carrie Dow Nov 27, 2019
Rocker Spirits: Classic Spirits in Modern Glassware

Rocker Spirits: Classic Spirits in Modern Glassware

Their vodka, rum, and whiskey will stand up with the best of American spirits....read more ›

by Carrie Dow Nov 27, 2019
SPONSORED
Drink Nation Store Rectangle
Bigsby's Folly Introduces Denver to the Wine Cottle

Bigsby's Folly Introduces Denver to the Wine Cottle

New World grapes with Old World appeal. ...read more ›

by Carrie Dow Oct 29, 2019
Get in shape and drink beer at Denver's Brewery Boot Camp
by Carrie Dow Oct 10, 2019
Pabst Blue Ribbon Launches Blue Ribbon Whiskey in Select US Markets

Pabst Blue Ribbon Launches Blue Ribbon Whiskey in Select US Markets

PBR has launched their own whiskey. Let's keep an open mind and see what is inside this bottle....read more ›

by Carrie Dow Sep 24, 2019
The Master Sommelier Scandal is Now the Subject of a New Investigative Series

The Master Sommelier Scandal is Now the Subject of a New Investigative Series

There's a new investigative series about one of the biggest scandals to ever hit the wine world....read more ›

by The Drink Nation Sep 13, 2019
Explore a Newsworthy Social Hour at Courier Denver

Explore a Newsworthy Social Hour at Courier Denver

Anyone who loves tasty food paired with delicious drinks is welcome....read more ›

by Carrie Dow Sep 11, 2019
Places to Drink and Play in Denver
by Carrie Dow Aug 6, 2019
Using Peas to Make Gin Might Lead to More Environmentally Friendly Spirits, Studies Show

Using Peas to Make Gin Might Lead to More Environmentally Friendly Spirits, Studies Show

Scientists may have discovered a more environmentally friendly way to make one of the world's most popular spi...read more ›

by The Drink Nation Jul 23, 2019
SPONSORED
Drink Nation Home Bar Project Bottom Rectangle 2
View all Articles

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

Close