US-based Weyerbacher Brewing Company has agreed to divest a 55% stake to private investment group 1518 Holdings.

The divestiture is part of Weyerbacher’s restructuring partnership formed after it filed Chapter 11 bankruptcy to organise the company’s debt.

Weyerbacher Brewing Company president Josh Lampe said: “This is the last step in the process to investment. We were hoping to get through without entering Chapter 11, but the group of investors that we’re working with felt that it was necessary in order to move forward quickly.”

“This restructuring allows us to really get going with some of the projects we’ve been planning for a while.”

“Looking towards the future, we’re adding some contract brewing and will be almost doubling production this year. We’ve got a lot of really good things that are happening and this restructuring allows us to really get going with some of the projects we’ve been planning for a while.”

Weyerbacher intends to open taprooms at Easton and New Hope at the Ferry Market in Pennsylvania, as well as enhance the Weyerbacher Spirits line. It will continue to produce beer.

Lampe further added: “The Weyerbacher brand is stronger than it’s ever been. We’re excited to share all of the great things that we’ve been working on with the market.

“We’re going to respect all of the tradition of Weyerbacher while continuing the work we’ve done over the last few years to keep innovating and creating great beer.”

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