The announced acquisition of Pyramid brewery of Seattle by
Vermont-based Magic Hat seems like a good idea for all involved.
Reading the press release,
it appears that Pyramid will return to the privately owed sector and
lower the number of publicly traded breweries to 9, only 3 of which
appear to be American Micro-Breweries.
The Yahoo! Stock screen
shows a very rough last year for most of the publicly traded brewers
and I find that interesting in comparison to the increased popularity
and availability of small craft beers in this area.
As a fan of
both Magic Hat and Pyramid, I’m happy for anything that will help
either continue to produce well crafted and styled beers. I look
forward to seeing if the two portfolios will be combined or if the two
breweries will operate independently of each other.
– Kevin Gerl
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