Newburyport Brewing Raises Capital for New Brewery
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MyBeer Buzz
From Newburyport Brewing:
NEWBURYPORT, MA–(Marketwire/mbb/ – Oct 15, 2012) – The Newburyport Brewing Company™ announced today that it has raised $1 million in private capital that will be used to expand operations to an 8,330 square foot facility in Newburyport, Massachusetts. The company is brewing quality craft beers, using premium quality natural ingredients in three products that will be available in early 2013: Newburyport Pale Ale, Plum Island Belgian White, and Green Head IPA.
According to the Brewers Association, craft beer sales rose 12% in volume terms to 6 million barrels in the first half of 2012. The association estimated craft beer represented 6% of U.S. beer market by volume and 9% in dollar terms last year.
"By building an authentic brick and mortar production brewery, we are demonstrating our commitment to consumers and retailers who expect great tasting, locally produced craft beer," states Bill Fisher co-founder and chief operating officer. "Craft beer does very well in New England and we are excited to add to this region’s growth."
Newburyport Brewing Company recently announced that it has partnered with Smart Machine Technologies (SMT), a world-class designer, fabricator, and manufacturer of custom-made beverage systems. As part of the business partnership, the Newburyport Brewing Company will serve as a showpiece brewery for SMT and will welcome visits and inquiries from other craft breweries considering SMT brewing equipment.
The new facility, located at 4 New Pasture Rd Newburyport, MA, will be outfitted with:
- 3-vessel, 20-barrel brew house and tank farm
- 50,000 lb. grain storage silo
- Automated can and keg packaging lines
- 1,200 cubic feet of cold storage
- 2,000 square foot tasting room with music stage, seating, and bar
About Newburyport Brewing Company, Inc.
The Newburyport Brewing Company is a privately held craft brewery dedicated to brewing the highest quality craft beer products for local and regional consumers. Founded in 2012, the Company is Massachusetts’ first and only exclusive keg and can craft brewery and one-stop contract brewing and canning provider. Co-founded by two local Newburyport entrepreneurs, musicians, and home brewers — Chris Webb and Bill Fisher — the company aims to capture the essence of Newburyport’s quaint seaside character across a line of great tasting handcrafted ales. Newburyport Brewing Company uses premium quality natural ingredients in three products: Newburyport Pale Ale™, Plum Island Belgian White™, and Green Head IPA™. Visit us on the Web at http://www.nbptbrewing.com.
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