USA, TX: Alamo Beer files for Chapter 11 bankruptcy
Alamo Beer Co., one of the regions largest brewing businesses, has filed for Chapter 11 bankruptcy protection in the Western District of Texas, ksat.com reported on February 4.
Its a significant move that follows the closure or downsizing of multiple San Antonio beer-making businesses. And it comes just a few weeks shy of the 10-year mark for the companys expansive East San Antonio brewery and beer hall operations.
Eugene Simor, who founded the company more than 20 years ago and timed the opening of its near-downtown facilities around Texas Independence Day celebrations in 2015, insists he has some fight left.
The plan is to recapitalize, restructure and return stronger, Simor said.
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