Rumors abound. Eventually it will work out one way or another. In the meantime, we are hearing reports suggesting that Magic Hat Brewing and Pyramid Breweries, Inc. might be on the verge of being sold. As we reported back in June, those two breweries are owned by the same company (Independent Brewers United), however Pyramid and Magic Hat operate independently.
With these types of business structures and entities, things get complicated. To say that either or both of the companies are about to be bought or sold is probably a gross oversimplification. What all of this means for Pyramid, and the question of who owns Pyramid Breweries, which still calls Seattle home, remains to be seen. In the meantime, here are two links.
We will continue to follow things as they develop.
The report on BeerNews.org – Click Here.
The report from WCAX News in Vermont (home of Magic Hat) – Click Here.