Kitchener, Ont. – Brick Brewing Co. Ltd. has announced that it will invest $9 million in its brewing facility in Kitchener. The announcement follows the completion of the sale of its Waterloo property this week to HIP Developments.
Brick’s operations at Bingemans Centre Drive in Kitchener will be expanded and upgraded to create a fully integrated brewing, packaging and distribution facility. The build-out and commissioning of the project is expected to be complete by the end of October 2015.
“This is a major step in the growth of our company, and clear evidence of our commitment to the Kitchener Waterloo region and the province of Ontario, our most important market,” said Brick president and CEO George Croft in making the announcement. “This investment will simplify our operation and enables a step-change in efficiency, productivity, quality and cost reduction for us. In order for Brick to remain competitive with the large brewers, this is a step we needed to take.”
Once the project is completed, the company expects the recurring savings to exceed $1 million annually.