Land-Grant and Nocterra: Can a Brewery Brand Get a Second Life?
What happens when a neighborhood brewery closes, but the community it built is still there? That question is worth asking after one of the more interesting developments in Ohio beer this past week. Columbus-based Land-Grant Brewing has acquired the Nocterra Brewing brand and its original Powell taproom. After Nocterra shut down its locations in late August, the story could have ended as another painful chapter in a challenging year for craft beer. Instead, a familiar name has a chance to return under new ownership. This is not just a taproom reopening story. It is a look at what a brewery is really worth when the original operation can no longer continue — and what it takes to keep that value alive. What Actually Changed? On November 5, Land-Grant announced the completed acquisition of Nocterra's brand and the Powell taproom at 41 Depot Street. Nocterra closed its Powell and Scioto Audubon locations in August. The deal does not mean both original locations are returning; the announ...
