BusinessFriday, November 13
Heavy Seas Beer says it's staying open after filing for bankruptcy
The Daily Bowie team
If you've got Heavy Seas in your fridge, you're fine for now. The Halethorpe brewery is filing for Chapter 11 bankruptcy protection, and its marketing director says it's staying open.
Heavy Seas says the taproom and beers stay while a sale stays possible
| Item | What's reported |
|---|---|
| Taproom | Staying open |
| Beers | Staying on the market |
| Brewing | Continuing, company says |
| Sale or merger | Possible, attorney says |
| Hugh Sisson | Staying involved |
Sources: Capital Gazette, CBS News
“We are optimistic about Heavy Seas future and the fact that it is on a different path from what happened to Guinness”
The company points to pressure across the craft beer industry and the planned retirement of founder Hugh Sisson. His daughter says he plans to stay involved through the reorganization, with no firm timeline for retiring.
Heavy Seas went from a 1995 start to a Chapter 11 filing
- 1995Heavy Seas begins operating in the Baltimore region
- Nov. 11CBS Baltimore reports the brewery is filing for Chapter 11
- Nov. 12Marketing director says the taproom stays open and beers stay on the market
Sources: Capital Gazette, CBS News
- Filing: Chapter 11 bankruptcy protection
- Goal: protect the brand and the jobs it supports
- Possible next step: a sale or merger with another brewery
Sources: Capital Gazette, CBS News