Deal brewing to sell Memphis plant to Yuengling
D.G. Yuengling & Son, Inc., the nation's oldest brewer, has signed a letter of intent to buy a Memphis, Tenn., plant.
"The deal obviously isn't closed," David Casinelli, chief operating officer of Yuengling, said. "We're in discussions -- serious discussions -- and we're hoping to get it done as expediently as possible. "But nobody's put a hard date on the calendar," Casinelli said.
The Memphis plant would become the fourth brewing plant for Pennsylvania-based Yuengling and help the brand expand beyond 13 Eastern states.
Yuengling was looking for equipment to purchase when the company became aware of the unused brewery, Casinelli said.
The Jos. Schlitz Brewing Co. opened the brewery in 1971. Its ownership changed when Stroh Brewery Inc. bought Schlitz in 1982. It was sold again in 1990 to Coors, initially for repackaging and distributing its brand of beer.
Hardy Bottling Co. bought the plant in 2006 and uses it to bottle nonalcoholic beverages.