Harpoon buys Catamount Brewery
Boston brewer to expand own production, revive Catamount brands
June 15, 2000 - The Boston-based Harpoon Brewery has signed a Purchase and Sale Agreement to purchase Vermont's shuttered Catamount Brewery and hopes to finalize the deal next month. The Boston-based Brewery plans to brew Catamount products in the Windsor, Vt., facility as well as its popular Harpoon beers.
With annual beer production exceeding 60,000 barrels, the Harpoon Brewery has reached capacity at its Boston brewery. The opportunity to acquire Catamount's modern facility, which has been closed since March, will help meet Harpoon's increased capacity needs.
"All of us at Harpoon have a great deal of admiration and respect for the Catamount Brewery and the pioneering role it played in New England craft brewing. We plan to continue brewing and selling Catamount and at the same time expand Harpoon's brewing operations to meet the growing demand of our New England customers," said Dan Kenary, Harpoon co-founder and President.
In order for the sale to be completed, Harpoon must reach a final agreement with Chittenden Bank, which ordered the doors at Catamount locked in March. The transaction is expected to be complete by early July. "We remain encouraged by the reception we have received in Windsor and look forward to continued progress towards an agreement," Kenary said.
Windsor has approved a tax stabilization agreement with Harpoon.
Like Harpoon (Mass Bay Brewing), Catamount was a New England brewing pioneer, opening in White River Junction in 1986. The brewery began struggling in 1997, when it borrowed $5 million to open the large facility in Windsor at the same time that sales quit growing.
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