Labatt Breweries of Canada says it will buy Mike’s Hard Lemonade and Okanagan Cider in an agreement with the Mark Anthony Group of Companies.
The deal is valued at US$350 million.
Labatt president Jan Craps says the agreement adds a more diverse lineup of drinks to their growing stable of beverages.
The agreement will also cover Palm Bay pre-mixed drinks and the Turning Point Brewery in British Columbia, which brews Stanley Park beers.
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