Four brewers are expected to belly up to the bar today and pitch offers for Sleeman Breweries Ltd. as the auction of the $220-million beer maker enters its final stage. The two major domestic players, Molson Coors Brewing Co. and Labatt Brewing Co. Ltd., are expected to make bids. So too are a pair of overseas brewers that
distribute their suds through Sleeman, Royal Grolsch NV and Sapporo Breweries Ltd. All are expected to make formal bids by a Sleeman-imposed deadline of the end of today, according to industry and investment banking sources. Sleeman, which holds 7 per cent of the Canadian beer market, announced a "strategic review" in May that could include the sale of the Guelph, Ont.-based company. Sources say the brewer hopes to announce a buyer by October. Don Quixote Note: Sleeman grew through acquisition, snapping up regional micro brewers across the country including ,Okanagan Springs and Shaftsbury in British Columbia Upper Canada in Ontario, Unibroue in Quebec and Maritime Beer in Atlantic Canada.
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