Lake Placid selling out to sell more

The Lake Placid Craft Brewing Co. is on the way to going international.

The change, however, has nothing to do with the Plattsburgh, NY, company crossing the nearby international border. Rather, it is on the verge of being absorbed into a company from neighboring Montreal.

The New York company, owned by Lake Placid Pub and Brewery proprietor Chris Ericson, is being bought by Inter-Canadian Business Services, a business consulting and services firm that has signed a non-binding letter of intent with Ericson.

Consumers should care about the merger because Craft Brewing would increase its annual output from the current 4,000 barrels to an estimated 25,000 to 40,000 barrels. Ericson said market demand continues to outpace production.

Ericson started the Pub and Brewery in 1996 and opened the Plattsburgh brewing and bottling plant in 2001. He said any merger would not affect the Pub & Brewery (shown above).

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