Culverwell Holdings Limited.

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Culverwell Holdings Limited.

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History

When Oland and Son Limited sold its brewing assets to John Labatt Limited in 1971, many of the company's subsidiaries changed names. Oland's Brewers Grain and Yeast became Culverwell Holdings Limited. The company primarily acted as a holding company and managed properties formerly owned by Oland and Son Limited, A. Keith and Son Limited, and Oland's Brewers Grain and Yeast. Bruce Oland was President of the company and Norman Stanbury was Secretary-Treasurer. Victor also served as President of the company. At the time of the company's formation, shares of Culverwell Holdings were distributed evenly between Adare Investments Limited, Amadita Stanbury, Hosmer Investments Limited and Seahorse Investments Limited. The company owned 88% of the shares of Oland Investments Limited.

In 1973, the company began selling land in Sackville, Nova Scotia previously owned by Oland's Brewers Grain and Yeast to Clayton Developments Limited, a Halifax based community development company. Various parcels of land were sold to the development company. Culverwell Holdings Limited is still a registered holding company.

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