Business & Tech
MD Craft Brewery To Keep Brewing Amid Bankruptcy Filing: Report
A bankruptcy attorney said the company was in talks with a "number" of potential partners to keep the brewery running, a report said.
HALETHORPE, MD — Maryland-based craft brewery Heavy Seas Beer recently filed for Chapter 11 bankruptcy protection while it holds talks with potential partners to keep the business going, according to a report.
Bankruptcy attorney Paul Sweeney told The Banner that there were "a number of suitors" who company officials were in talks with, adding that the filing was intended to redirect the firm toward either selling or merging with another brewery.
See Also: Guinness Halethorpe Closure Prompts Nearly 200 Job Losses
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The brewery's filing and restructuring efforts comes as the brand announced changes were on the horizon, especially in light of founder Hugh Sisson's retirement announcement.
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