Molson Coors hopes to build and commission its new brewery by late 2018

Molson Coors hopes to build and commission its new brewery by late 2018

Molson Coors has said it plans to build a new "technologically advanced" brewery in Chilliwack, British Columbia. 

The company said late last week it had chosen a 36-acre plot close to the Trans-Canada Highway. The news follows the CAD185m (US$144.5m) sale of its Vancouver brewery, which completed earlier this year. 

Molson Coors first announced plans to sell the Vancouver site in November 2015. Canada CEO Stewart Gendinning said at the time that the old brewery "was going to consume a bunch of capital". 

The company's products will continue to be made in Vancouver, under a lease agreement with the new owners, until the Chilliwack site is built and commissioned in "late 2018 or early 2019". 

"Chilliwack met all of our requirements to build a new brewery in British Columbia," said Glendinning. "Our brewers are delighted with the quality of water in Chilliwack, a key ingredient to producing our great beers and ciders."

Financial details of the acquisition were not disclosed, however when the brewer sold the Vancouver site, it said a "major portion" of the proceeds would be re-invested in a new brewery.