Indiana City equipment heading for auction
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Indianapolis-based Indiana City Brewing Co. is slated to have its equipment sold at auction next month, but it continues to look for new ownership prior to the sale. The brewery said last month the search for a buyer is being led by New Mill Capital in California, which is also handling the auction.
Owner Ray Kamstra said in an email to Inside INdiana Business they have seen “a lot of interest” and are continuing conversations with potential buyers.
“If an agreement can’t be reached soon, we plan to auction starting February 2nd ending February 9th as our building lease is up at the end of February,” Kamstra said.
The auction sale will be held exclusively online. Indiana City said the equipment assets include a brew kettle, fermenters, a canning line, two walk-in coolers and taproom equipment, among others.
The brewery is still hoping to complete a turnkey sale, which would include all equipment, intellectual property and book of business.
Indiana City Brewing opened in 2013 at the 1904 Bottling House, a pre-prohibition-era building that was once part of the Home Brewing Co. campus and now serves as a taproom and event space.
The brewery has since grown to have its beer distributed statewide in grocery and liquor stores, as well as in bars and restaurants.
You can learn more about the sale by clicking here.