Alamo Beer Co. has been acquired by the Australian firm SKJ Capital following a recent bankruptcy filing. The acquisition was confirmed this week in a ruling by a U.S. Bankruptcy Court, marking a significant transition for the San Antonio-based brewery. Alamo Beer reported debts ranging from $1 million to $10 million owed to as many as 99 creditors.
As part of the acquisition process, Eugene Simor, the founder of Alamo Beer Co., assured that the brewery will continue its operations at its location on 202 Lamar Street. The site is well-known for its proximity to popular establishments such as Boxcar Bar, Bussin’ Q, and Smacks Chicken Shack.
Background and Recent Developments
Founded in 2014, Alamo Beer Co. has been an integral part of the local brewing scene. In 2023, the company expanded its footprint by merging with another San Antonio label, VIVA Beer. This merger aimed to enhance their collective commitment to producing high-quality, approachable beers for the community. In a press release at that time, the company emphasized the importance of creating a powerful synergy in the local beer market.
Earlier this year, Alamo Beer Co. filed for Chapter 11 bankruptcy, a decision influenced by the recent closure or downsizing of several other breweries in the San Antonio area. According to reports from KSAT, this trend has posed challenges for local beer makers, prompting some to take similar measures to stabilize their operations.
The acquisition by SKJ Capital signals a new chapter for Alamo Beer Co., which aims to maintain its presence in the San Antonio market while navigating the complexities of financial restructuring. As the new owners take over, the brewery’s commitment to its community and its craft remains a priority.
For those interested in the latest updates on this story, follow What Now San Antonio on Facebook. The developments surrounding Alamo Beer Co. serve as a reminder of the evolving landscape of local businesses and the impact of economic challenges on the craft beer industry.
