smuttynose brewery

Annie Ropeik for NHPR

Smuttynose Brewery is back up to speed on the Seacoast after being sold at auction earlier this year.

North Hampton-based Runnymede Investments bought Smuttynose after that auction, and brought in former Boston Beer Company CEO Rich Lindsay to head up the brewery.

Chelsey Puffer

After a week of uncertainty following a public auction of the Smuttynose Brewery, a new owner has been announced. Smuttynose is now owned by Runnymede Investments, a venture capital and investment firm based in North Hampton. The purchase was made for an undisclosed amount.

Runnymede is installing a new CEO at the brewery, Rich Lindsay, who has experience at other breweries including Samuel Adams and Night Shift Brewing.

An auction to sell the Smuttynose Brewery Friday ended in uncertainty about the business’s future.

A crowd of current employees, bank officials, and mystery bidders gathered on the floor of the Hampton brewery Friday afternoon for the auction. 

Courtesy Smuttynose Brewing Company

Smuttynose Brewing Company will be sold at auction Friday afternoon in Hampton.

The iconic New Hampshire craft brewer announced in January that it could no longer pay its bills and needed new ownership to survive.

Jason Moon for NHPR

One of the state’s most iconic brands, Smuttynose Brewing Company, has hit hard times. Earlier this month the company announced it would be put up for sale at an auction after 24 years of craft brewing in New Hampshire.

NHPR’s Jason Moon recently spent an afternoon with co-owners Peter Egelston and Joanne Francis to talk about how we got here and what’s ahead for the company they built. 

Interested in purchasing a well-known New Hampshire brewery? You’ll need a quarter million dollars to just get a seat at the upcoming Smuttynose auction.

An information packet for potential bidders released Thursday describes the sale as an "opportunity to buy an ongoing enterprise." It stresses that the brewery continues to operate and plans to do so through the transition to a new owner.

Courtesy Smuttynose Brewing Company

Smuttynose Brewing Company announced big news today - it's putting itself up for auction.

In a statement, Smuttynose owner Peter Egelston says the explosion of microbreweries onto the beer market came right as his company made a major investment in a new state-of-the-art brewing facility.

When you hear the words "green brewery," you might picture gleaming solar panels or aerodynamic wind turbines. But the most valuable piece of technology at the $24 million headquarters of Smuttynose Brewing Co. on the seacoast of New Hampshire isn't quite as sexy.

"The place you have to start is the building envelope," says Smuttynose founder Peter Egelston.

Smuttynose Breaking Ground on Hampton Facility

Aug 16, 2012

Smuttynose Brewery breaks ground tonight on its new facility in Hampton about 10 miles down the coast from its current location in Portsmouth.

Smuttynose says it’s moving to Hampton to support its growth.

The brewery has been creating craft beers in New Hampshire since 1994. After the company produced 15,000 barrels in 2006, its status changed from a ‘micro-brewery’ to a ‘regional independent brewery.’

But Smuttynose president, Peter Egelston, says there’s more to the move than acquiring more space.