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Royal Unibrew To Buy Canada's Amsterdam Brewery In $40m Deal

By Dave Simpson

Danish brewer and beverage maker Royal Unibrew RBREW.CO will acquire Canadian craft brewer Amsterdam Brewery in a deal valued at approximately 250 million Danish crowns ($34 million), Royal Unibrew has said in a statement.

Details

"The acquisition we are doing today is very important for the future growth of Royal Unibrew in the Americas region," chief executive Lars Jensen said in a statement.

"We are adding capacity in Canada, which is also close to our U.S. business and over time we expect to serve most of Canada and partly United States from Amsterdam Brewery," Jensen added.

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The vast majority of Royal Unibrew's revenue is generated in Europe. In 2021, around 11% of the company's net revenue came from its international segment, which includes the Americas, according to its annual report.

The acquisition, which is expected to close in the third quarter of this year, placed an enterprise value on Amsterdam Brewery of approximately 250 million Danish crowns, which will be paid on a debt free basis, Royal Unibrew said.

Earnings-Per-Share Accretive

It expects the deal to be earnings-per-share accretive within the first year of ownership.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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