Thoughts on the Sale of Magic Hat and Pyramid

Posted on August 26th, 2010

Several recent news stories have reminded us once again of how much growth and change the craft beer world is constantly undergoing, in particular the purchase of Independent Brewers United, the producers of the Magic Hat, Pyramid, and MacTarnahan beers, by North American Breweries (NAB). NAB is the company responsible for such questionable “brews” as Labatt Blue lager and Seagrams’s Escapes wine coolers. Understandably, many in the craft beer world are a bit concerned over this news, as Magic Hat and Pyramid are  the 8th and 5th largest craft breweries in the country, respectively. Some are also reading the resignation of Magic Hat’s president and co-founder following this deal as another bad sign.

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