Who Did Brewery X Buy?

Are you searching for an answer to the question: Who did brewery x buy? On this page, we've collected the most accurate and complete information to ensure that you have all of the answers you need. So keep reading!

Modern TimesGastelum of the Superior Court of California in Orange County ruled that representatives of Brewery X are the winners of the auction to acquire Modern Times with a bid of $20 million. The judge's order, reviewed by Good Beer Hunting, approved the receiver's auction sale results initially announced June 17.

You may wonder, who bought brewery x? A judge in Orange County Superior Court has approved the sale of San Diego-based Modern Times Drinks to BX MT BAMF LLC – a limited liability company connected with Anaheim, California-based Brewery X – for $20 million.

Similarly one may ask, who is buying modern times brewery? Maui BrewingMaui Brewing Company is set to acquire the beer company Modern Times and expects to close the deal in October. The sale is reported at more than $15 million. The Kihei-based brewery bid on the financially troubled San Diego company earlier this year.

Besides above, who owns brewery x anaheim? The company is owned by sisters Paige & Carley Pennington, Clayton Wellbank, and Chris Pennington, father to Paige and Carley and owner of Rancho Cucamonga's Penwal Industries.

Likewise, who did modern times sell to? Maui BrewingMaui Brewing to acquire Modern Times, creating the country's 21st largest craft brewery. The long, public sale of Modern Times Beer is now over. Right? Well, it was announced Friday that Kihei, Hawaii-based Maui Brewing Co.

Who owns Maui Brewing Company?

Garrett MarreroGarrett Marrero, Maui Brewing's co-founder and CEO, has called out other Hawaiʻi beer brands for brewing on the mainland in the past. He wants to be clear that, even with increased expansion, he is not eating his words. "People say, ʻOh, you've said that no one should brew beer on the mainland to call it Hawaiʻi.

How much did Constellation sells Ballast Point for?

USD 41.1 millionConstellation Brands sold Ballast Point for USD 41.1 million. The figure was disclosed in its latest government filing.

What happened to modern times brewery?

Maui Brewing will acquire Modern Times for $15.3 million, twice as much as their initial bid of $7.62 million. The combined breweries project to produce 125,000 bbls in 2022, which will make the entity the country's 21st largest craft brewery according to the Brewers Association.

Did Maui Brewing buy modern times?

Maui Brewing Company, Hawaii's largest craft brewery that ranks as the 43rd-largest craft brewer in the U.S., has bought California based brewery and coffee company Modern Times for USD 15.3 million in a court-approved receivership auction.

Why is modern times closing?

We've arrived at this current moment as the result of a combination of factors: four straight years of rapid, costly expansion followed by an unforeseen and financially devastating global health crisis, and an industry-wide decline in sales.

What happened to modern times?

The following January 2022, Modern Times announced its new CEO, Jennifer Briggs, formerly of New Belgium Brewing. Briggs has been trying to sell the company, but the court-appointed receivership would take control of the sale away from the company and its executives.

Did Maui Brewing buy modern times?

Maui Brewing Company, Hawaii's largest craft brewery that ranks as the 43rd-largest craft brewer in the U.S., has bought California based brewery and coffee company Modern Times for USD 15.3 million in a court-approved receivership auction.

Why is modern times closing?

We've arrived at this current moment as the result of a combination of factors: four straight years of rapid, costly expansion followed by an unforeseen and financially devastating global health crisis, and an industry-wide decline in sales.

Who Did Brewery X Buy - What other sources say:

Modern Times sale: Brewery X drops out after winning ...?

Affiliate of Anaheim's Brewery X elects not to go ahead with the acquisition, leaving backup-bidder Maui Brewing next in line to buy San Diego's ...

Anaheim's Brewery X Set To Acquire San Diego's 9-Year- ...?

Following an auction, Anaheim's Brewery X emerged as the winning bidder for San Diego's 9-year-old Modern Times Beer.

Court Approves Sale of Modern Times to Brewery X?

Brewery X must send the full $20 million in cash to Modern Times' receiver Thomas Hebrank within seven days, with the sale closing no later ...

Modern Times Sale: Brewery X Bows Out; Maui Next in Line to ...?

Modern Times Sale: Brewery X Bows Out; Maui Next in Line to Acquire San Diego Craft Brewery · Zoe Licata, Jessica Infante and Justin Kendall · Jul ...

Brewery X Wins Bidding War For Modern Times Beer?

On June 17 the auction for San Diego's Modern Times Beer Co. concluded with an affiliate of Anaheim's Brewery X casting the “winning bid” at ...

Modern Times Sale: Brewery X is eliminated after winning the ...?

The successful bidder to acquire Modern Times Beer through a court-sanctioned bankruptcy auction has gone out of business — paving the way ...

Modern Times Auction in Disarray as Winning Bid to Brewery ...?

It seemed like a done-deal. Last Friday, California's Brewery X appeared to be the winning bidder for San Diego's Modern Times Beer, coming in ...

Maui Brewing to acquire Modern Times, creating the country's ...?

After three hours and some 70 bids, however, an affiliate of Anaheim-based Brewery X won the auction, agreeing to pay $20 million for Modern ...

Maui Brewing in lead to acquire Modern Times?

Following contentious auction, top-bidder Brewery X is out, putting company with local ties in position to take over Point Loma-based beverage ...

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