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Royal Unibrew has entered into an agreement to purchase Canada-based Amsterdam Brewery Co for CAD 44 million (approx. $34 million).

The acquisition, which includes a brewery and two Brewpub restaurants, will help Royal Unibrew expand into the Americas. It will also support the company's sustainability strategy, by lowering Royal Unibrew's CO2 footprint significantly by reducing the transportation needs for products sold in the US and Canada. Royal Unibrew CEO, Lars Jensen, said: “The acquisition we are doing today is very important for the future growth of Royal Unibrew in the Americas region. We are adding capacity in Canada, which is also close to our US business, and over time we expect to serve most of Canada and partly the US from Amsterdam Brewery Co, which will reduce transportation costs and our CO2 footprint." He continued: "On top of that, we will serve the market much better and thereby protect ourselves against out-of-stock and transport congestion, which has increased significantly over the last 18 months. Further, we will free up capacity on our current facilities in Denmark, which will postpone certain capex needs”. The acquisition, which is subject to customary closing preparations, is expected to close during the third quarter of 2022.