Sleeman Breweries Ltd, Canadian beer company, has entered a long term agreement with Royal Grolsch N.V. They will sell, market and distribute the brand, which was formerly distributed by Rollick Beverage Co. of Aurora, Ontario.

Sleeman Breweries Ltd will purchase these rights from Rollick Beverage Company Inc. on the basis of a combination of cash (C$6.96 million) and Sleeman common stock (C$2.5 million). The cash payments will be made in installments till July 1, 2006.

05 July, 2002