10 March 2017
From the Portland Pres Herald:
D.L. Geary Brewing Co. is being sold to a Freeport businessman who has taken over the management of Portland’s first craft brewery and intends to complete the acquisition before the end of the year.
Kelly Lucas, whose parents, David and Karen Geary, co-founded the brewery in 1983, identified the buyer late Thursday evening as Alan Lapoint of Freeport.
“The sale will take several months to complete,” said Lucas, adding that she was not at liberty to disclose the sale price.
Lucas said D.L. Geary was been struggling for a while with declining sales, brought on by a highly competitive market for craft brews. There are approximately 75 breweries in Maine, and that doesn’t include the pressure caused by out-of-state breweries that have made incursions into the state’s craft beer market.