Colio Estate Wines announces purchase agreement
February 16, 2016 By Press release
February 16, 2016, Mississauga, Ont – Colio Estate Wines recently announced it has purchased Provincial Beverages of Canada Inc. – a producer of premium, Ontario craft ciders and beer – based in Thornbury Village, Ont.
The deal will enhance Colio Estate Wines portfolio through winning entries in the fast growing Ontario craft cider and beer categories.
Colio plans to invest in the existing century-old historic facility located in Thornbury Village to create a unique retail and hospitality experience capitalizing on the beautiful views of Georgian Bay and the Blue Mountains.
“Our company has kept a keen eye on the development of the local craft beer and cider category,” said Jim Clark, president of Colio Estate Wines. “This opportunity allowed us to gain a significant entry with one of the leading producers of high quality craft beer and cider in Ontario.”
In the more immediate term, Colio plans to move the existing brewery, located in Nobleton, to the Thornbury Village site, amalgamating the cidery and brewery production under the banner of Thornbury Village Brewery and Cidery. Plans are underway to open distinct cider and brewery retail stores at this location. Retaining key beer and cider sales and production expertise will ensure the continued growth and success of the Thornbury family of brands.
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