03:37 PM EST - Brick Brewing Co. Ltd. : has put itself up for sale, announcing a review of strategic alternatives which might also include a recapitalization or "some form a business combination." The Ontario brewery has hired CIBC World Markets to assist in the review, but commented that there is no assurance a transaction will result, and said no timetable has been set. Brick, which in addition to its Brick craft brews makes Laker, Red Cap and Formosa Springs Draft, "is at an exciting and important crossroad," stated Jim Brickman, who founded the company in 1984. "It is opportune at this time to evaluate each of the alternatives available to us to best capitalize on our future growth opportunities." President and CEO Doug Berchtold added that Brick is in a solid position for growth. Brick Brewing Co. Ltd.
shares BRB:CA are trading up seventeen cents at $2.16.
