Smuttynose Auction Ends With Uncertainty About Ultimate Buyer

UTC
US NEWS FEEDS > NEW HAMPSHIRE >

An auction to sell the Smuttynose Brewery Friday ended in uncertainty about the business’s future. A crowd of current employees, bank officials, and mystery bidders gathered on the floor of the Hampton brewery Friday afternoon for the auction. After receiving a handful of bids, Provident Bank, the bank that holds the mortgage on Smuttynose, decided to buy the brewery back for $8.25 million. But that wasn’t the end of the negotiating. Conversations between the bidders and the bank continued after the auction concluded, and a potential sale could be finalized in the near future. Barbara Macloud is a spokesperson for Smuttynose. "It's going to be business as usual here at Smuttynose. The beer will continue to be brewed, the employees have their jobs, and...

READ MORE >
Smuttynose Auction Ends With Uncertainty About Ultimate Buyer

Sponsored Content