Smuttynose Brewing Co. has a new owner

In this Thursday, Nov. 16, 2017 photo a beer is poured at the Smuttynose Brewery in Hampton, N.H. The brewhouse is taking advantage of special programs to use new technology to reduce its carbon footprint. (AP Photo/Robert F. Bukaty)
A beer is poured at the Smuttynose Brewery in Hampton, New Hampshire, Nov. 16, 2017. –Robert F. Bukaty / AP, File

HAMPTON, N.H. (AP) — The Smuttynose Brewing Co. has a new owner a week after it was bought at auction for $8.25 million.

Runnymede Investments said Friday it bought the brewery from the Provident Bank for an undisclosed amount. The family-owned firm is five miles from the brewery in North Hampton, New Hampshire.

Runnymede teamed up with brewery executive Rich Lindsay, who has held positions with Samuel Adams, Tuthilltown Spirits, Night Shift Brewing, as well as consulting roles with startups in the alcoholic beverage industry.

Lindsay said there are plans to add personnel to Smuttynose’s sales team and invest in a canning line.

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Smuttynose employs 66 people. The company said the brewery is capable of producing 75,000 barrels and generating more than $10 million annually. However, in the last year it has been running at 50 percent capacity.

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