Canadian brewery Waterloo Brewing has secured a three-year co-pack contract to produce a line of ready-to-drink (RTD) alcoholic beverages.

The company did not disclose details of the business that awarded the contract.

Waterloo Brewing chief operating officer Russell Tabata said: “Winning this three-year contract is tremendous confirmation of the co-pack advantages we’re bringing to the market.

“We have the expertise to produce complex alcoholic and craft beverages with production quality and efficiency that makes good business sense to our partners. Our extensive credentials and capabilities allow our partners to trust us with their valuable brands.”

Waterloo Brewing was founded in 1984 as Brick Brewing and is the first craft brewery in Ontario, Canada. The company also offers contract manufacturing services for beer, coolers and ciders.

With the contract, the brewing company expects more than $15m in incremental revenue.

Waterloo Brewing president and CEO George Croft said: “The compounded annual growth rate of our co-pack business over the last three years is a staggering +29%, of an already significant base.

“Our investment in top-end packaging, production, people and equipment, all within a significantly expanded brewing facility and warehouse are making us the production partner of choice in beverage alcohol.”

The company’s non-alcoholic capabilities are set to become available online in December.

In March, the company launched a beer in the US market to commemorate the 35th anniversary of its Waterloo brewery.

Waterloo Craft Lager complements the company’s craft portfolio, which comprises dark, India pale ale (IPA) and amber varieties.