Articles Tagged with 'Openings & Closings'

Last Call: Receiver Reaches Agreement to Sell DME Group’s Main Business

Last Call: Receiver Reaches Agreement to Sell DME Group’s Main Business

In this week’s edition of Last Call: Alvarez & Marsal reaches an agreement to sell DME Group’s main business; lawmakers threaten to limit dates for Boston beer gardens; and the U.S. House introduces the Craft Beverage Modernization and Tax Reform Act.

DME: Buyer in Negotiations for Canadian Equipment Manufacturer

DME: Buyer in Negotiations for Canadian Equipment Manufacturer

A potential buyer for troubled Canadian brewing equipment manufacturer Diversified Metal Engineering (DME) appears to have emerged. In a January 18 report, Alvarez & Marsal, the receiver appointed in November after DME defaulted on loan payments to the Royal Bank of Canada (RBC), said it is negotiating with a potential buyer for the company’s primary business in Charlottetown, Prince Edward Island.

Hampered by Equipment Delays, Big Bend Brewing Suspends Operations

Hampered by Equipment Delays, Big Bend Brewing Suspends Operations

Nearly a month after Diversified Metal Engineering (DME) entered into receivership, a Texas craft brewery that paid the Canadian brewing equipment manufacturer more than $1 million in deposits is ceasing operations. In a December 21 social media post, Big Bend Brewing Co. announced it would “suspend operations” after six years, and shutter its taproom effective December 31.

Saint Archer Co-Founder Launches New Beer Brand in San Diego

Saint Archer Co-Founder Launches New Beer Brand in San Diego

More than three years after selling San Diego craft brewery Saint Archer to MillerCoors, Josh Landan is back in the brewing business. Landan, who co-founded Saint Archer in 2013, has launched a new brewing company, Harland Brewing Co., in San Diego with former Saint Archer VP Jeff Hansson and ex-market manager Anthony Levas.

Canarchy Craft Brewery Collective to Open Asheville Brewpub

Canarchy Craft Brewery Collective to Open Asheville Brewpub

The Canarchy Craft Brewery Collective today announced plans to open a brewpub — in Asheville, about 30 miles north of Oskar Blues’ production facility in Brevard. Dubbed “The Canarchy Collaboratory,” the new outpost will occupy the soon-to-close Lexington Avenue Brewery (LAB) space.

Colorado’s Fate Brewing Company Files for Bankruptcy

Colorado’s Fate Brewing Company Files for Bankruptcy

Yet another small brewery has found itself in financial trouble. The parent company of Boulder, Colorado-based Fate Brewing Company, Fate Restaurants LLC, has filed for Chapter 11 Bankruptcy protection. According to the November 1 filing, Fate owes more than 50 creditors between $1 million and $10 million. The company also claims between $1 million and $10 million in estimated assets.