MILWAUKEE – Milwaukee Brewing Company is seeking potential buyers for its downtown brewery and tavern, as well as intellectual property, a press release said Friday.
The brewery, founded in 1997, has grown from its beginnings as a well-known Milwaukee riverside tavern and, more than a decade later, has tapped the first beer at its location in the 2nd street. The Milwaukee Brewing Company’s main production facility on 9th Street now features a large-scale, state-of-the-art microbrewery near the Fiserv Forum.
The bidding process begins this month and focuses on “finding a strategic buyer for the assets and operation.”
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Statement from Jim Hughes, Major Shareholder of Milwaukee Brewing Company:
“We put our heart and soul into this brewery, building it into the operation it is today.
“We believe in the brewery and the people who have been critical to our success, but who made the decision to seek a strategic buyer to meet internal needs and secure the future of Milwaukee Brewing for decades to come.”