TORONTO — Craft-brewer Mill Street Brewery has joined the big leagues after being acquired by Anheuser-Busch InBev-owned Labatt Breweries of Canada for an undisclosed amount.
Labatt is investing $10 million to expand the Toronto-based brewery’s production and packaging facilities, allowing Mill Street to deepen its traction with consumers in the fast-growing craft beer segment.
“With the success of Mill Street has come the challenge of serving a growing demand for our brands,” said Irvine Weitzman, Mill Street CEO. “Our partnership with Labatt is a natural evolution in our growth that will allow more Canadians to enjoy our beer and secure the legacy of our brands by allowing us to remain focused on the authentic characteristics that have made Mill Street what it is today.” Weitzman will remain with the brewery along with co-founder Steve Abrams and famed brewmaster Joel Manning.
