Brewery

Modern Times: Court Records Replay Heated Auction, Illustrate Brewery's Expenses

2 days ago   |   By

Court records filed in the wake of last Friday's auction for San Diego craft brewery Modern Times give a closer look at bidding play-by-play, and the tension between qualified bidders MTD Asset Acquisition and BX MT BAMF LLC. Earlier this week, MTD (the group referred to during the auction as North Carolina brewery Tru Colors), whose $20.1 million bid was not accepted as the winning bid, filed an objection to the sale of Modern Times to BX MT , and submitted a new bid of $21 million. MTD claims priority was given to Brewery X's bid due to its inclusion of a shorter closing period, despite...
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