E-Malt.com News article: USA, PA: Helltown Brewing finalizes purchase of Rivertowne Brewing

After a couple delays, Helltown Brewing has finalized its purchase of the Rivertowne Brewing brand and its production facility in Export, the Tribune-Review reported on December 13.

“With this purchase, we are able to greatly increase production, including cans, of Helltown’s beer,” the company said on its website on December 12.

The bankruptcy sale was finalized on Nov. 5, four days after U.S. Bankruptcy Judge Gregory Taddonio indicated that he would approve the revised sales agreement.

Rivertowne Brewing filed for Chapter 11 bankruptcy in May after a plan to generate more revenue fell through. Mt. Pleasant-based Helltown Brewing and the Brewery Acquisition Co. were the successful bidders in October.

The acquisition includes the Export building, all the brewing equipment and the Rivertowne brand name. It does not include the Verona or Monroeville locations, said Arnie Burchianti, majority owner and CEO.

Helltown continues its operations in Mt. Pleasant and will resume production of Rivertowne brand beers once the brewery licenses for the Export facility arrive in January, Burchianti said.

Renovations are planned for both locations.


13 December, 2018