The Alpine, Texas-based craft brewery was one of hundreds of North American beer companies that prepaid millions of dollars in deposits and were left in the lurch when DME defaulted on loan payments to the Royal Bank of Canada (RBC). DME owes more than $13.5 million to the RBC and other creditors, including brewery clients and hundreds of employees. A court-appointed receiver, Alvarez & Marsal, is now accepting bids for the business through January 7, 2019.
>The Alpine, Texas-based craft brewery was one of hundreds of North American beer companies that prepaid millions of dollars in deposits and were left in the lurch when DME defaulted on loan payments to the Royal Bank of Canada (RBC). DME owes more than $13.5 million to the RBC and other creditors, including brewery clients and hundreds of employees. A court-appointed receiver, Alvarez & Marsal, is now accepting bids for the business through January 7, 2019.
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