Celis Brewery Completes Recapitalization Through Successful Chapter 11
Celis Brewery, the original craft brewer in Austin, Texas, was founded in 1991. After a sale to Miller Brewing Company in the mid ’90s, the company shut down and was restarted in 2016. Rapid growth and overleverage resulted in financial default in 2018. This was followed by a Chapter 11 filing in 2019 to prevent foreclosure by the secured lender. The company’s Chapter 11 Plan of Reorganization was confirmed in early 2020 allowing the company to continue operations and expand its distribution of its signature Celis White and other microbrews, as well as expansion of its on-premises tap room and beer garden.