New suitor may be in line for Memphis brewery eyed by Yuengling
There may be a new deal in the works for Hardy Bottling Co., the former Coors brewery in southeast Memphis.
According to The Commercial Appeal, a “mystery economic development project” tied to Hardy Bottling is expected to go for a tax break Wednesday. Part-owner Carolyn Hardy told the newspaper a deal was in the works but declined to provide details.
Yuengling, the oldest American-owned brewery, signed a letter of intent in October to buy the former brewery for about $20 million. It would have become Yuengling’s fourth brewery and its largest.
But the deal stalled soon thereafter, with Yuengling officials saying, “We’re a willing buyer. Right now, I guess there’s not a 100 percent certainty there’s a willing seller.”
Now it appears the Yuengling deal is kaput, and a new suitor may have emerged for Hardy bottling.
Stay tuned.
Hoping it’s Russian River!!
1At first glance, I thought maybe Grant was expanding his brewing operations
2