Carlsberg Group Acquires Waterloo Brewing
March 7, 2023
The Carlsberg Group completed its acquisition of Waterloo Brewing Ltd., finalised on March 7, 2023, following shareholder approval. The all-cash transaction (C$144 million) brings Waterloo's Kitchener brewing and RTD production capabilities into Carlsberg's portfolio to accelerate growth in the Canadian market and produce some Carlsberg brands locally.
- Buyers
- Carlsberg Group
- Targets
- Waterloo Brewing Ltd.
- Sellers
- Shareholders of Waterloo Brewing
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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