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The brewing company went into receivership in March this year after failing to pay secured creditors.
It was bought by Simon Walker and Sean Woodward. Mr Walker was appointed general manager in an attempt to try to overcome the financial problems at the award-winning brewing company.
''I signed up for a six-month stint initially, but there is something moreish about this business. I'm excited to be part of the next chapter,'' Mr Walker said.
He moved to Southland in 2008 and managed Tio Operations after Bluff Farmed Oysters went into receivership in 2009. That business was closed by the Ministry for Primary Industries earlier this year following the discovery of Bonamia ostreae on Stewart Island.
Mr Walker believed it was time to officially discard the old Invercargill Brewery brand, and the company is to be renamed Bloody Good Brew Co.
''There's been feedback over the years that Invercargill is a poor brand nationally, so we thought, 'OK, let's retire that and see what a change will bring'.
''All of us bought into Invercargill Brewery because its beers and core staff were too good to let go.
''We're proud that we're an indie brewery, that we're a Southland-owned company, and that we make awesome beers,'' he said.
Bloody Good Brew Co will continue to create Wasp Honey Pilsner, Stanley Green, B.Man, Pitch Black and Nally's Dry Cider, as well run the Cellar Door and Asylum Entertainment venue operations.
Invercargill Brewery founder Steve Nally, who was the major shareholder and director of the company which went into receivership, will stay on with Bloody Good Brew Co in a brewing capacity.
''Steve [Nally]'s focus is brewing bloody good beer and Simon is focused on growing a bloody good business,'' Mr Woodward said.
The Invercargill Brewery logo will be formally retired after the Dunedin Beer Festival on Saturday. Invercargill firm Emotive Design will design the new look.