× Select City

Labatt to buy B.C.'s Okanagan Cider, Turning Point Brewery and more

DH Vancouver Staff Nov 10, 2015 2:28 pm

It sounds like a big guy scooping up the little guy, but in the case of the news that Labatt Breweries of Canada has agreed to purchase some items in the Mark Anthony Group’s brewing portfolio, it’s more like the really big guy is scooping up the kinda big guy.

In a deal reportedly worth $350 million USD, Labatt–who already has over 60 beers in their roster–will be purchasing Okanagan Cider, Mike’s Hard Lemonade, Palm Bay, and Turning Point Brewery (they make Stanley Park Beer), according to the Canadian Press (via News 1130).

However, the Mark Anthony Group will hang onto a couple of key portions of their business: U.S. operations, and importing and distributing in Canada.

Dh newsletter logo

Get direct access to our top weekly content, contests, and perks.

DH Vancouver Staff
Daily Hive is the evolution of Vancity Buzz, established in Vancouver in 2008. In 2016, the publication rebranded and opened newsrooms in Calgary, Toronto, and Montreal. Send story tips to [email protected]
© 2018 Buzz Connected Media Inc.