USA, CO: Timnath Beerwerks agrees to purchase Snowbank Brewing
Timnath Beerwerks has reached an agreement to purchase Snowbank Brewing, owners of the two breweries said in an email on May 9.
The acquisition of Snowbank Brewing, 225 N. Lemay Ave., will allow Timnath Beerwerks to increase its production capacity to meet growing demand and streamline operations for both brands, the owners said in a joint announcement.
The agreement is expected to be finalized this summer, pending license transfer, and involves acquisition of the Snowbank Brewing brand and all other assets.
“This is an exciting move for us and our team,” Timnath Beerwerks co-owner Pete Meyer said in the news release. “We look forward to expanding into a new market and bringing our beer to a new audience.”
Snowbank Brewing, located near the intersection of Lemay and Lincoln avenues, will temporarily close “in the coming weeks” for renovations. Details on the reopening, name changes, beer options and other details will be shared on the social media pages of the respective breweries, the news release said.
A coffee shop and espresso bar within Snowbank Brewery, The Morning Grind, closed in March after just five months of operation.
Snowbank Brewery, best known for its Bungalow IPA, Snow Juice New England IPA and Colorado Red, opened in August 2014.
Snowbank employees will be offered interviews for jobs with the combined operation, and production of both brands will be immediately redistributed between the two brewhouses to meet current business needs, the owners said.
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