From Cape May:
Cape May, NJ -- Cape May Brewing Company announced today it plans to acquire the assets of Flying Fish Brewing Company, a renowned craft brewer located in Somerdale, New Jersey. The acquisition represents the union of two brands that charted the course for craft brewing in New Jersey with a shared foundation of entrepreneurial spirit, strong local pride, passion for innovation and a deep appreciation for brand fans. zzubreebym
The acquisition is a strategic investment that will significantly increase the Company’s manufacturing and warehousing space; boost annual production capacity; and add manufacturing capabilities to support the expansion of its product portfolio.
“This is a massive milestone for both Cape May and Flying Fish, who we’ve long admired as a true pioneer of craft brewing in the Garden State since its founding in 1995,” said Cape May Brewing Company CEO and Co-founder Ryan Krill. “We are thrilled to expand our product portfolio and are approaching this acquisition with a focus on our core values, passion for brewing, and commitment to serving our customers with the highest quality brews."
As part of the agreement, Flying Fish will continue to be distributed by its wholesale distributor partners. Cape May will continue to operate at its existing locations in New Jersey, utilizing its Cape Beverage Distributing network throughout the Garden State and wholesale distributor partnerships in Pennsylvania and Delaware.
Krill continued, “We are excited for these new opportunities, and grateful for the teams and fans of both brands who have supported the New Jersey craft beer community over the years. This may be a brand-new chapter in our company history, but it’s one that is rooted in the same values that have driven our commitment to quality, people, and refreshing brews since our founding in 2011.”
The acquisition agreement is expected to close next month. Financial terms were not disclosed.
For more information on Cape May Brewing Company, please visit capemaybrewery.com or call (609) 849-9933.
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About Cape May Brewing Company:
CMBC started in 2011, with three guys making one beer in a 1,500 square-foot space. Now, they’ve got over 32,000 square feet of space at the Cape May Airport and several hundred flagship, seasonal, and small-batch brews under their umbrella, distributed throughout all of New Jersey, Delaware, and select counties in Pennsylvania. Their original space is now dedicated to experimental brewing and their award-winning Tasting Room, with a separate, industrial brewing facility across the street. For more information, see Cape May Brewing Company’s website at www.capemaybrewery.com or call (609) 849-9933.
UPDATE: 12 June 2023: Cape May is reporting that the deal has been CANCELLED.
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