Easton, Pennsylvania based Weyerbacher Brewing has filed for Chapter 11. The brewery has sold a majority stock of the brewery to a private equity firm.
1518 Holdings LLC now holds a 55% majority stake in the brewery, a Philadelphia based firm that has a non-existent Google footprint. Going forward, Weyerbacher will undergo a series of changes. Josh Lampe, the son of the Weyerbacher co-founder will become the president of the brewery as a part of the restructuring.
According to Weyerbacher, the brewery is looking to add some contract brewing in order to make full use of the $2 million dollar brewing system the brewery installed in 2015. With this new cash infusion and future contract partners, Weyerbacher will be doubling their production in 2019.
Additionally, the brewery will add new locations presumably in Philadelphia or the immediate area, joining their two current locations, Easton and New Hope at the Ferry Market. Also, expect an expanded spirits lineup from the brewery’s distillery.
“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.” – Josh Lampe, Incoming Weyerbacher president
Weyerbacher started in 1995 by Dan Weirback in downtown Easton, Pennsylvania. The brewery currently has 30 full-time, and 20 part-time employees. Weirback will continue to consult as he has for the last 3 years.