Milwaukee Brewing Company management is looking to sell the business and its assets

After 25 years in business, the Milwaukee Brewing Company’s board of directors announced on Friday its intention to seek potential buyers for the company and all of its assets. Company management operated New Mill Capital, a manufacturing asset…

After 25 years of activity, Milwaukee Brewing Company The board of directors announced on Friday its intention to seek potential buyers for the company and all of its assets. The management of the company exploited New Factory Capital, a manufacturing asset acquisition and divestiture business, to help them source buyers for their downtown Milwaukee brewery, tavern location, equipment and intellectual property. The downtown brewery is located at 1128 N. 9and Saint-in The brewery district and the MKE Ale House is at 233 N. Water St. in the Third Historic District. “We put our heart and soul into this brewery, building it into the operation it is today,” said Jim Hughes, major shareholder of Milwaukee Brewing Company. “We believe in the brewery and the people who have been integral to our success, but we made the decision to seek a strategic buyer to meet internal needs and secure the future of Milwaukee Brewing for decades to come.” Hughes declined to comment further on the reason for the sale when reached on Friday. New Mill Capital is currently leading the offer process and is focused on finding a strategic buyer for the assets and operations of Milwaukee Brewing Company. Equipment assets include a fully automated 60 BBL four-vessel brewhouse; 200 BBL hot liquor tank; cold liquor tank; brite fermenters and tanks at 260 BBL; KHS canning, bottling and keg filling lines; and more. MKE Ale House also offers a small 15 BBL brewhouse and associated equipment. “I believe MKE is the finest large capacity microbrewery currently available in the country and positioned in a great location from a distribution perspective,” said Eric Weillermanaging director at New Mill Capital.

last May, Milwaukee Brewing Company has announced plans to increase annual craft beer production by nearly 70%. Seven new brewery tanks were delivered to 9and Street Brewery. Milwaukee Brewing Company was founded in 1997 and began as Milwaukee Ale House with a custom 15-barrel brewery. The brewery has since expanded to produce year-round beers with over 300 unique seasonal flavors and a production capacity of 100,000 barrels per year. The company is authorized up to 200,000 BBL.

The MKE Ale House at 233 N. Water St. Image courtesy of Google Maps.

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