Popular beer brand joins growing list of bankrupt breweries with Chapter 11 filing

The trade brew manufacture has been successful trouble. Struggling income forced yet different fan-favorite marque to record for bankruptcy. 

Alamo Beer Company, a San Antonio-based brewer, has filed for Chapter 11 bankruptcy, successful the latest motion of struggles for alcohol sellers. 

Alamo produces 7,500 barrels of brew annually retired of its 14,000 quadrate ft facility. Alamo is fashionable for its aureate ale, lager and hazy IPA.

But the institution could nutrient overmuch more. Eugene Simor, the laminitis and proprietor of the brewer said it has the capableness to brew 40,000 barrels of brew each year. 

It is operating nether 20 percent capacity.  

'The program is to recapitalize, restructure and instrumentality stronger,' Simor told Texas-based ABC affiliate KSAT.  

Alamo, which has been brewing since 2003, has grown successful caller years done acquisitions. 

In 2023, the institution purchased Austin-based ShotGun Seltzer and merged with section marque Viva Beer, according to the San Antonio Express News. 

Court filings amusement the institution listed assets and liabilities betwixt $1 cardinal and $10 million. Typically, a Chapter 11 is filed for companies hoping to restructure oregon merchantability the brand. 

However, Simor acknowledged that maturation successful the trade brew assemblage has slowed. 

To enactment afloat, Alamo has already sold parts of its existent property portfolio. 

'The existent property worth has escalated overmuch faster than the organisation broadside of business,' helium said. 

The institution is besides looking to merchantability a parking batch adjacent to its flagship store. 

In San Antonio, intoxicant sellers person struggled to find their footing successful the past year. Weathered Souls, Busted Sandal, and Second Pitch each shuttered their locations successful the metropolis successful 2023.  

But the challenges facing the Texas-based companies are portion of a larger inclination successful the intoxicant industry. 

Companies are competing with expanding merchandise costs portion customers chopped backmost connected their discretionary spending.  

The headwinds person forced a fistful of different intoxicant and brew giants to record for bankruptcy, shutter locations, oregon cease operations. 

Vintage Wine Estates besides filed for Chapter 11 bankruptcy successful mid 2024. 

The company, antecedently the 15th biggest shaper successful the U.S., sold disconnected parts of its existent property portfolio to stay successful business. 

Meier's Winery, 1 of the oldest wineries successful the U.S. with 30 antithetic products, besides filed for bankruptcy earlier yet closing. 

Even Molson Coors shuttered a brewery aft facing fiscal headwinds. 

The nationalist shaper shuttered Leinenkugel's brewery successful Chippewa Falls, Wisconsin, aft implicit 150 years successful business. 

Jake and Dick Leinenkugel, the sixth-generation of the brewery founder's family, said they tried to acquisition the hallway backmost from Molson Coors. But they allege the institution ne'er responded to their requests. 

'This brewery holds a heavy bequest for the Chippewa Valley,' Dick said.