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Smuttynose Brewing Co. to be sold at auction


Associated Press
Thursday, January 18, 2018

A 24-year-old brewing company on the Seacoast is seeking a buyer, saying the explosion of microbreweries has led to changing dynamics in the marketplace.

Smuttynose Brewing Co. said it’s scheduled to be sold at a bank auction on March 9. It employs 68 people and generates more than $10 million in revenue annually.

The sale includes the Smuttynose brand, its facility on the historic Towle Farm in Hampton and Hayseed Restaurant located next to the brewery on 13 acres. It brews some well-known beers that can be found throughout New Hampshire, including its Finestkind IPA and Shoals Pale Ale.

Smuttynose said the brewery is capable of producing 75,000 barrels a year. However, in the last year it has been running at 50 percent capacity.

Owner Peter Egelston said the company’s financial models were based on 20 years of consistent growth. He said that as turmoil in the marketplace stabilizes, Smuttynose can regain its footing with a major infusion of capital.