Yuengling Nears Purchase of Memphis Plant
on 15/10/10 at 10:36 pmIndustry
D.G. Yuengling & Son Inc., one of the fastest-growing U.S. beer makers, is close to acquiring a former Coors plant in Memphis, Tenn., to help the company meet rising demand and increase distribution beyond the eastern U.S.
Yuengling, the oldest brewer in the U.S., has signed a letter of intent to buy the Memphis facility from Hardy Bottling Co., which purchased it from Molson Coors Brewing Co. in 2006.
Acquiring the facility would give the Pottsville, Pa., company—the seventh-largest U.S. beer supplier by sales volume—a fourth manufacturing facility and help it expand distribution beyond its current 13 states in the eastern U.S.