In order to reduce Trinidad's dependency on the cultivation of sugar and oil, in 1947 the Caribbean Development Company Limited (CDC) was founded.

In 1987 the equipment was modernised by renowned German manufacturer Steinecker Maschinenfabrik so that the output mark of 1.000.000 hectolitres was surpassed.

[4] In 2016 ANSA McAL bought American brewery Florida Beer Company located in Cape Canaveral.

Since then the Carib Brewery brands and a craft beer called Hurricane Reef are being brewed in the Cape Canaveral facilities.

[5] In late 2024 the company expanded to India, created a joint venture with local distillery Globus SPirits and started the production of beer for the Indian market.