A Minnesota brewer is buying a Sioux Falls brewery and taproom.

Lupulin Brewing Co. of Big Lake, Minnesota, has agreed to acquire Hydra Beer Co. and convert its brewing and taproom operations into its own, both companies announced Thursday.

Hydra's owners told the Sioux Falls Business Journal in May the business and taproom were up for sale. Chad Petit and Nick Murphy founded the business and opened its South Shirley Avenue taproom in 2015.

“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," said Petit, in a news release from both companies.

Lupulin recently partnered with Global Distributing Inc. to distribute its brews in South Dakota. Lupulin's year-round offerings include its Hooey Hazy IPA, Javatized Coffee Stout and Belgian Blonde, a Belgian style blonde ale, as well as a wide range of seasonal offerings

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Lupulin said the purchase of Hydra will augment its distribution deal and deepen the company's roots in Sioux Falls.

“We are excited to become a part of this growing community. The Sioux Falls market is an ideal fit for us,” said Matt Schiller, vice president of operations and co-founder at Lupulin. "We have family and friends living in southwest Minnesota and Sioux Falls. It has always felt like a home away from home to me.”

The two companies expect the sale to close within 6-8 weeks. Hydra will remain open during that time. Lupulin said it would provide updates on its social media accounts, including Twitter and Facebook.

Petit told the Sioux Falls Business Journal in May that Hydra had stopped brewing beer in recent months as both he and Murphy moved on to different careers. Petit said then he hoped the entire business would sell as a whole and continue operations.

Hydra opened a downtown taproom in 2017 but closed it less than a year later.

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The company was one of first wave of local brewers to open in quick succession around 2015, including Miner Brewing Co., Woodgrain Brewing Co. and Fernson Brewing Co.

Lupulin was founded in 2012 and has continued to grow, including the installation of a new 30-barrel brewhouse in April. Last year the company was named one of the 50 fastest-growing breweries in the U.S. by the Brewers Association.

Lupulin's mission statement: "To lead the regional craft beer market of Minnesota and the Upper Midwest by designing and delivering compelling, award winning craft beers, over a range of styles spanning classic ales and lagers, to appease the appetites of the ever-increasing craft beer drinkers of the state."