Jul 2016 Financial News

ANSA McAL acquires US brewery

Jul 29, 2016

ANSA McAL US yesterday announced its stock purchase acquisition of Indian River Beverage Corporation (IRBC), which operates the Indian River Brewery under Florida Beer Company in central Florida.

The Indian River Brewery, the third largest brewery in the State of Florida, produces various beer brands which are distributed throughout the United States and has contracts for many global brands.

The acquisition of Indian River Beverage Corporation marks ANSA McAL’s first purchase of a private brewing production facility in the United States.

Highly experienced in the production of malt beverage “beer” brands with local flavour and international appeal, ANSA McAL’s beverage sector currently owns and operates Carib Brewery, one of the largest and well established local brewing companies in the Caribbean.

With over 1,000 employees, Carib Brewery produces the much loved Carib beer, commonly referred to as the “beer of the Caribbean” and Carib Light. Carib Brewery also brews Stag beer and a range of Shandy Carib products.

ANSA McAL has expanded Carib Brewery’s facilities and has allowed the brewery to meet the increasing demands of its local market, as well as to export to international destinations including the United States.

ANSA McAL hopes to bring this unique experience to the Indian River Beverage Corporation in the United States, while expanding and maximizing production efficiency for their Caribbean brands and the brewery’s local clients.

Anthony N Sabga III, Group Business Development Executive and Sector Head, Beverage, speaking on behalf of the ANSA McAL Group, referred to this latest addition to the beverage sector as exciting.

“The milestones attained by Carib Brewery through the abundance of heritage and quality, have earned us the distinction of bringing quality life to the Caribbean diaspora and beyond. We are proud of our local roots and enthusiastic at the prospect of this new addition to our three other breweries located in Trinidad and Tobago, Grenada and St Kitts and Nevis.”

Source:
Trinidad Guardian
Friday July 29, 2016

http://www.guardian.co.tt/business/2016-07-29/ansa-mcal-acquires-us-brewery