Minnesota brewing company to acquire Hydra Beer Co.
June 6, 2019
A Minnesota-based craft brewery is acquiring Sioux Falls-based Hydra Beer Co.
Hydra’s Sioux Falls location will become a brewery and taproom for Lupulin Brewing Co., which is based in Big Lake, Minn.
Lupulin beers are distributed in South Dakota through Global Distributing Inc. in Sioux Falls.
Acquiring Hydra allows Lupulin to augment that distribution agreement and make a deeper connection with Sioux Falls and the greater South Dakota community, the company said in a statement.
“We are excited to become a part of this growing community. The Sioux Falls market is an ideal fit for us. We have family and friends living in southwest Minnesota and Sioux Falls. It has always felt like a home away from home to me,” said co-founder and vice president of operation Matt Schiller.
Hydra was founded in 2015 by Chad Petit and Nick Murphy.
“Nick and I have poured our heart and souls into Hydra, and we are happy to see it going to a company like Lupulin who will bring great things to our community,” Petit said.
The two companies will finalize the transaction in the next couple of months. Hydra will continue normal operations during the transition. It stopped brewing beer earlier this year.
Lupulin Brewing is about 40 miles northwest of Minneapolis and has a craft brewery and taproom.
It describes itself as “dedicated to making compelling beers with attention to quality and flavor. Our company philosophy is one of community involvement, access to the public and a little splash of idiocracy along the way.”
