Flying Fish Brewing. New Jersey’s largest craft brewery is filing for chapter 11 bankruptcy after 27 years in business. The closure comes on the heels of a failed attempt to sell the brewery last summer.
The well-known pioneering brewery founded in 1996 by Gene Mueller listed in the bankruptcy petition $1.3 million in assets and $9.3 million in liabilities.
The brewery was acquired by the investment firm Elk Lake Capital in 2016 and was reportedly close to completing a sale to nearby Cape May Brewing last summer. That deal fell through after Cape May retracted its offer after completing its due diligence.
In 2012, Flying Fish moved from Cherry Hill to its current facility in Somerdale a 45,000 square ft. building and 50 brewhouse. The company distributes to New Jersey, Pennsylvania, Delaware, and Maryland.
Flying Fish intends to continue operating for now, with protection from creditors as it reorganizes its finances.
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