By The Canadian Press
Tue., March 1, 2022timer1 min. read
updateArticle was updated 21 mins ago
Steam Whistle Brewing is buying Beau’s Brewing Co. as the company looks to take on Canada’s biggest beer brands and bounce back from the COVID-19 pandemic.
Financial terms of the sale were not disclosed.
Beau’s shareholders voted Monday to accept the takeover offer.
The sale was endorsed by Beau’s co-founders Tim and Steve Beauchesne, who launched the company in 2006.
Steam Whistle co-founder and CEO Greg Taylor says the deal will set the business up for success in a post-COVID world.
The agreement comes after the two craft breweries began working together last year with a deal to sell and distribute their pooled portfolios in Ontario.
This report by The Canadian Press was first published March 1, 2022.
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