The esteemed Flying Fish Brewery underwent liquidation via an auction. The tasting room of Flying Fish closed following the sale of its assets in a mid-February auction.
Flying Fish’s Legacy Continues
“But the Flying Fish name is likely to live on as Guildford Hall Brewery out of Baltimore MD bought the intellectual property of the brewery, which includes the name brands of the beers, trademarks, packaging, websites, and some contracts. Their purchase price at $152,500 was the largest of the items sold,” 42Freeway.com reported.
Local Breweries’ Major Gains
The article further details other significant purchases at the auction, including acquisitions by local breweries, which are summarized towards the article’s end.
Uncertain Future
It’s noted that the building housing the brewery wasn’t included in the auction, and there’s no information on its future use.
Financial Struggle
Flying Fish had been grappling with financial challenges for the past year. There was hope that a takeover by Cape May Brewing earlier in 2023 would rescue both the brand and the Somerdale facility.
Flying Fish Bankruptcy
This potential deal collapsed following a more thorough examination of Flying Fish’s finances. By the close of 2023, the brewery entered bankruptcy proceedings, prompting creditors to initiate the auction.
A Heartfelt Thank You
On their Facebook page Friday, Flying Fish shared an article from The Patch, adding their own words: “Well, at least we went out with a bang last weekend. Thank you to everyone that came out. We appreciate all of our customers over the years. We’re sad that we cannot continue operations as they were in our Somerdale location, but it’s nice to know the brand itself will live on.”
Last Laugh
On Sunday, Flying Fish lightened the mood with a bit of humor amidst the sadness, creating a meme akin to a Halloween Store advertisement:
“Coming soon… (Halloween Store at the Flying Fish Building). We kid, but who knows what will come of the building once its contents have been moved to their new homes? Signing off of this account now as it’s probably part of the IP that now belongs to the new owners. But I had to leave everyone with a giggle.”
232 Items Go Under the Hammer
In the auction results documents for Flying Fish, there were a total of 232 items listed. These were organized into two separate lists: one for registered auction participants and another for the results of the items auctioned.
Guilford Hall’s Major Haul
The auction items varied widely, starting from framed pictures from an office sold for $25, to the Flying Fish intellectual property acquired by Guilford Hall Brewery for $152,500.
Besides this major purchase, Guilford Hall also bought 18 other items, though none were particularly remarkable.
Big Buys at Flying Fish
A notable sale was the Miura steam pressure packaged boiler, which went to Cadeco Industries from Houston, a company in the coffee processing industry, for $51,000. Case by Case Canning, based in Los Angeles, purchased the Pro Brew Beer Can Filling Seaming Line for $48,000, a company that provides canning services to breweries.
19 Items for $96,000
The Frame Group, based in Illinois, was a prominent bidder at the auction, securing 19 items for a total of $96,000. Their business revolves around renting out equipment.
Local Breweries’ Big Day
On the local front, Bonesaw Brewery actively participated, buying 24 items for a collective $74,525. Their major acquisitions included a Muller stainless steel bright tank for $22,000, a pro chiller for $14,500, and two JV Northwest Fermentation Tanks, each priced at $13,000.
Strategic Purchases
Cape May Brewing, previously interested in buying Flying Fish Brewery, ended up with seven items totaling just under $10,000, with a Pentair Gehaltemeter being their biggest purchase at $4,600. Mount Holly’s Train Wreck Distillery also made notable purchases, grabbing 12 items for a total of $9,100, the largest being a Grain System for $4,200.
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