Newspaper article The Canadian Press

Molson Coors Weeks Away from Deciding Fate of Its Original Montreal Brewery

Newspaper article The Canadian Press

Molson Coors Weeks Away from Deciding Fate of Its Original Montreal Brewery

Article excerpt

Molson Coors nears Montreal brewery decision

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MONTREAL - Molson Coors says it is weeks away from announcing the fate of its original brewery in Montreal.

The company is reviewing the feasibility of a building a new brewery on its site in Old Montreal and is expected to make a decision in early summer, Molson Coors Canada CEO Stewart Glendinning said Tuesday.

"If it's better to invest in the current one, we will," he said in an interview. "If it's better to build a new one, we will, but either way it's good news for the province."

Molson Coors received $110 million in net proceeds from the $185 million sale of its operations in Vancouver in the first quarter. The company will continue to produce beer at the B.C. site for up to five years until it finds a location to build a more efficient-production facility, it said. …

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