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The owner told IBJ he can’t afford to pay increased rent prices at the building where beer first was bottled in 1904. But the landlord said the brewery had been paying below-market rent that needed to be renegotiated.
The Indianapolis-based brewery is slated to have its equipment sold at auction next month, but it continues to look for new ownership prior to the sale.
Indiana City Brewing Company has engaged New Mill Capital to seek potential buyers for its Indianapolis brewery. The sale includes all equipment, intellectual property, and book of business.
Indiana City Brewing Co. owners say their on-site taproom on the city’s near-east side will remain open and fully operational throughout the sale process.
And also on tap at ICB is a year-long Kentucky bourbon barrels-aged iteration of “Third Cat Baltic Porter,” marking the third collaboration between Indiana City and 18th Street breweries.