Province supports up to 70 jobs for SWP

The provincial government is providing a $500,000 loan guarantee and investing $100,000 to help maintain up to 70 jobs at SWP Industries Inc., a value-added manufacturing company in St. Stephen.

The loan guarantee will be used for working capital, along with a $100,000 contribution from the Regional Development Corporation through the Community Development Trust.

The company produces a line of value-added wood products, fencing products from northern white cedar, as well as manufactured vinyl fencing and aluminum fencing. They serve more than 400 dealers in the United States and Canada. Raw material is processed at SWP's sawmill in Bayside, NB.

Gas Prices on the Rise

There has been a jump in gas prices after the weekly setting. The maximum price for self serve regular rose by almost 4 cents a litre to 103.5. The max for diesel has risen to 107.1 Furnace oil has risen by more than 3 cents a litre to 90.4 but propane went down to $1.14.

Moosehead Breweries and Boston Beer Company Celebrate Independence Together

At a news conference in Toronto, Koch and Moosehead President Andrew Oland outlined the long-term distribution agreement that means Moosehead Breweries and its subsidiary the Premium Beer Company will assume the Canadian distribution of Boston Beer’s portfolio including its flagship brand, Samuel Adams Boston Lager.

“This alliance is a real win for Boston Beer,” Koch said. “Our tastes are similar. As Canada’s oldest and largest independently owned brewery, Moosehead understands the Canadian market. I’m raising my Samuel Adams glass today to cheer our new venture.”

Details of the agreement include:

Moosehead will distribute the Samuel Adams family of beer -- including its seasonal offerings and variety packs.

Products will be available in 355 ml bottles, and 30 and 58.6 litre kegs for selected brands.

All Boston Beer sold in Canada will be brewed and packaged by Boston Beer in the United States.