BRICK BREWING TO SELL ALGONQUIN BRANDS TO MOLSON
By Adnews Staff
Brick Brewing Co. Limited of Waterloo, ON has will sell its Algonquin brands to Montreal-based Molson Canada for $3 million in cash. The two brewers will also sign a production and distribution agreement in which Brick Brewing will continue to produce and distribute the Algonquin beer brands Dark Ale, Black + Tan and Honey Brown. Currently the brands are distributed in Ontario. The sale remains subject to regulatory approvals and is expected to close over the new few weeks. Brick Brewing's Formosa brands and trademarks are not included in the sale. According to Brick's board, the sale will allow the company to focus on its core brands.
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