Royal Unibrew buying Toronto-based Amsterdam Brewery for $44M

Royal Unibrew says it's buying Toronto-based Amsterdam Brewery for about $44 million.

Denmark-based Royal Unibrew says the acquisition will help its expansion in the Americas by having Amsterdam Brewery supply most of the Canadian market as well as supplementing its supplies to the United States. 

The beverage conglomerate, which produces drinks under its own Royal name along with owning several brands including Faxe beer, says the localized supplier will reduce demand on its Danish facilities.

It says a localized supplier will also reduce supply chain constraints that have increased significantly in the last 18 months, along with cutting transportation costs and the company's CO2 footprint.