Canada’s Waterloo Brewing has announced plans to invest C$13.4m in its facility to increase production capacity to meet the increasing demand for its products.

The investment will see the expansion of its brewing and blending capacity, as well as installation of a can line.

Waterloo Brewing president and CEO George Croft said: “Our business has been experiencing significant growth over the past several years and we are investing to ensure that we can continue to satisfy the ongoing growth demand.

“The investment in capacity and capability is consistent with our very disciplined and strategic approach to capital and the return we expect.”

The company added that the investment will not only help in meeting the demands for its brands but also its co-pack business.

Upon completion of the upgrade, the company will have more than 1.4 million hectoliters of packaging capacity.

Croft added: “Every growth engine in our Company is thriving and we are firing on all cylinders. From our owned brands to our co-pack business, this new capacity equipment adds a critical component to our upcoming growth plans and set the foundation for the Company to achieve its C$25m EBITDA target over the next three years.

“We are looking forward to filling it up with Ontario’s favourite beers and beverages.”

In November 2018, Waterloo Brewing announced plans to expand its facility in Kitchener with an investment of C$9.6m ($7.2m).

The investment was part of the company’s strategy to enhance its operations and support continued growth. It was used to expand warehouse and production facilities at the site by 65,600ft2, including the addition of a large retail store and a small-batch brewhouse.