San Antonio-based Alamo Beer has a new ownership group on tap, the San Antonio Business Journal reports.
Australia’s SKJ Capital landed the winning bid Wednesday in a U.S. Bankruptcy Court proceeding to take over the city’s largest craft brewing operation, the publication reports. Alamo has been in Chapter 11 reorganization since February, a move its owners took to deal with a slump in U.S. beer sales.
Under a Chapter 11 bankruptcy filing, a struggling business reorganizes under court supervision so it can pay off debtors and eventually emerge from the monitoring process.
“Alamo Beer Co. will remain on site and continue operations,” the San Antonio brewery’s founder, Eugene Simor, told the Business Journal.
SKJ will pump more investment into the brewery, which operates a two-acre production facility and taproom at 202 Lamar St. east of downtown, Simor also told the publication. In addition to its own Alamo Beer branded brews, the company produces the Viva Beer and ShotGun Seltzer lines, all of which have retail distribution across the area.
Last fall, Simor said Alamo, which can crank out 40,000 barrels annually, was running at less than 20% capacity. Like others in the craft brewing industry, the company’s growth slowed as more consumers turned to wine, spirits and seltzers along with nonalcoholic drinks.
At that point, Simor began exploring a real-estate transaction to sell the business’ east-of-downtown site, which he told the Express-News had “escalated much faster than the distribution side of the business.”
In its February, bankruptcy filing Alamo Beer said it owed $1 million to $10 million to as many as 99 creditors. It also listed a similar amount of assets.
If SKJ sale moves ahead and Alamo Beer gets back on the growth track, the company will have avoided the fate of the multiple other San Antonio craft breweries that have closed during the sales slump. Those casualties include Weathered Souls Brewing Co., Busted Sandal Brewing Co. and Second Pitch Brewing Co.
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This article appears in Jun 26 – Jul 9, 2025.
