Canadian brewing company Sleeman is set to acquire Wild Rose Brewery after filing a takeover bid last week.

The sale was approved by the Wild Rose shareholders and will be finalised on 31 May 2019.

Sleeman Breweries president and CEO Jesse Hanazawa said: “We recognise that Alberta is a province with high growth potential and see a number of synergies between Wild Rose and Sleeman that make this partnership extremely exciting for both organisations.

“Not only do our businesses share a passion for craft beer, but we also share the drive to achieve industry excellence while maintaining a winning organisational culture. We look forward to working closely with the Wild Rose team to ensure both they and Sleeman are able to reap the many benefits of this strategic partnership.”

“We recognise that Alberta is a province with high growth potential.”

The deal is expected to provide a new platform for the two organisations to leverage their strengths and complementary portfolios as they continue to accelerate their growth in Alberta.

Established in 1996, Wild Rose operates a 40,000ft² brewing facility in Calgary and produces various brands and styles in bottles, cans and kegs that are available in pubs, restaurants and liquor outlets all across Alberta.

Wild Rose Brewery CEO Bill McKenzie said: “We know that this partnership will bring a wealth of opportunities for us to succeed together as we move forward with the support of Sleeman’s resources and industry insights.

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“We feel there is a strong connection between the way we’ve crafted our culture and the way Sleeman does business, and we are excited about our new joint vision for taking the growth of the Wild Rose brand to the next level.”