$9.3 Million Dollar Expansion Marks the Next Era of Growth for the Kitchener-Waterloo Brewer
KITCHENER, ON--(Marketwired - August 14, 2015) - Waterloo Brewing Co., the craft brewing division of Brick Brewing Co. Limited ("Brick" or the "Company") (
"Kitchener-Waterloo is the beer-loving heart of Canada and we have been calling this region our home for over 30 years," said President and CEO George Croft. "We named our craft beer division Waterloo Brewing Co. because we are proud members of the community and this new facility represents our commitment to sustainable growth and production in the region."
The new facility, which will be used to brew all of the Waterloo Brewing Co. products as well as seasonal small-batch brews, was designed to include the latest in Bavarian brewing technology and equipment. This technology is designed to ensure sustainability in the brewing process through improved material utilization, lower energy consumption and reduced waste and wastewater discharges.
"We are dedicated to operating our brewery responsibly and efficiently, with as little environmental impact as possible," explained Brick Brewing Chief Operating Officer Russell Tabata. "This new state-of-the art brewhouse has allowed us to make great strides in the reduction of the overall carbon footprint of our operation."
The new Waterloo Brewing Co. brewhouse and retail store, located at 400 Bingemans Centre Drive, are now fully operational. The new small-batch brewed Waterloo Smoked Applewood Roggenbier will be available this September for a limited time at select LCBO and Beer Store locations across Ontario.
About Brick Brewing
Brick is Ontario's largest Canadian-owned brewery. The Company is a regional brewer of award-winning premium quality and value beers and is officially certified under the stringent Global Food Safety Standards, one of the highest and most internationally recognized standards for safe food production. Founded in 1984, Brick Brewing Co. was the first craft brewery to start up in Ontario, and is credited with pioneering the present day craft brewing renaissance in Canada. Brick has complemented its Waterloo brand premium craft beers with other popular brands such as Laker, Red Baron, Red Cap and Formosa Springs Draft. In March 2011 Brick purchased the Canadian rights to the Seagram Coolers and now produces, sells, markets and distributes Seagram Coolers across Canada. Brick trades on the TSX under the symbol BRB. Visit us at www.brickbeer.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute forward-looking statements as of the date of this press release. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "seek", "plan", "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. Although the Corporation believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements, which are not guarantees and are subject to certain risks, uncertainties and assumptions, which may cause actual performance and financial results to differ materially from such forward-looking statements. The forward-looking statements included in this press release are made only at the date of this press release and, except as required by applicable securities laws, the Corporation does not undertake to publicly update such forward-looking statements to reflect new information, future events or otherwise.
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