• Roundup: Arcadia Ales in Negotiations with ‘Strategic Partner'; Schlafly CEO to Exit

    6 days ago - By Brewbound

    Kalamazoo, Michigan-based Arcadia Brewing Company is facing a December 20 foreclosure auction after falling more than $1.4 million behind on a mortgage for its brewery and restaurant that opened in 2014, television station WWMT reported. Additionally, Arcadia owes more than $150,000 in back taxes, according to WOOD TV .
    In a press release posted to the brewery's website, brewery founder Tim Suprise admitted that Arcadia, which opened in 1996, was “in transition” and that the company was close to finalizing a strategic partnership that would help it avert foreclosure.
    Speaking to Brewbound...
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