Brick Brewing Announces Sale of Formosa Plant
On September 5, 2017 At 2:00 pm
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A buyers group led by Zhang Haoliang has purchased the 40,000-square-foot facility, which has been used as a brewery since 1870, for $2.4 million. Brick’s Formosa Springs and Red Baron beer brands and associated retail listings were also included as part of the transaction.
The intent to sell the Formosa brewery was originally announced by Brick in January, at the same time that plans were revealed to expand its primary Kitchener brewery it allow for “improvements to blending, packaging and warehousing, […] the final step in consolidating operations to a single site to improve manufacturing efficiency and competitiveness.”
For more details, see the full article.