CALGARY, AB – Labatt Breweries has announced a capital investment of $9.6 million to fund the expansion of Banded Peak Brewing, a Calgary craft brewery that it purchased in 2020.
Details were described in a press release as follows:
The $9.6 million investment supported a more than 7,000 square foot addition to the 4,800 square foot brewery, including a state-of-the-art lab. The expenditure also funded a bulk grain silo to reduce plastic use in malt shipping, and improved brewing equipment throughout the facility.
The brewery’s current team has grown by 68%, creating new jobs for front of house, logistics and brewery operations.
“We’re thrilled that this investment will allow us to continue bringing Calgarians more selections from Banded Peak,” said Colin McLean, co-founder at Banded Peak Brewing, in a statement. “This investment cements the fact that we are steadfast in our commitment to producing our beer locally, with new jobs, local ingredients and the type of innovation that continues to make Calgary a great place to live – and work.”
“We’re proud to be able to contribute to our community through this investment,” addedChad Patterson, Vice President, Craft & High End, Labatt Breweries of Canada. “From day one, Banded Peak has brewed local craft beer for Albertans and beyond, and this investment from Labatt will enable the necessary next steps to ensure that Albertans can continue to enjoy locally brewed Banded Peak beer for years to come.”
Source & Photos: Banded Peak Brewing