tag:blogger.com,1999:blog-21271644.post289120979415835063..comments2023-11-02T07:13:53.064-07:00Comments on Beervana: Labatt Buys MacTarnahan's, Pyramid, and Magic HatJeff Alworthhttp://www.blogger.com/profile/02930119177544342495noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-21271644.post-82753628131733325452010-08-16T13:08:30.297-07:002010-08-16T13:08:30.297-07:00sales drive vs beer quality. Who do you think will...sales drive vs beer quality. Who do you think will win?? :-0dr wortnoreply@blogger.comtag:blogger.com,1999:blog-21271644.post-73829785123895400162010-08-15T10:44:27.797-07:002010-08-15T10:44:27.797-07:00....finds a nut? ;-} Does that apply to Jeff or th.......finds a nut? ;-} Does that apply to Jeff or the Doc? Maybe it depends on perspective? ;-} I focus on national news and politics that affect the NW beer scene. Magic Pyramid buyout is old news, but Jeff thrives more on local occurrences.dr wortnoreply@blogger.comtag:blogger.com,1999:blog-21271644.post-73291218161455611742010-08-14T14:38:22.376-07:002010-08-14T14:38:22.376-07:00As a former IBU employee (on the Pyramid side of m...As a former IBU employee (on the Pyramid side of merger) I can only state the following facts:<br />1) Magic Hat purchase of Pyramid was done purely for financial and distribution reasons. Magic hat's facade of being a "laid back" craft beer brewery masks the true intent of the corporate greed manned by President Mike Brown.<br />2) Bringing in former Pyramid VP Martin Kelly was a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21271644.post-54469596060498475292010-08-12T09:16:04.011-07:002010-08-12T09:16:04.011-07:00I hate to give Dr. Wort credit but he had a post u...I hate to give Dr. Wort credit but he had a post up on July 28th detailing this deal going down. Even a blind squirrel...Jasonhttps://www.blogger.com/profile/06975213660808740443noreply@blogger.comtag:blogger.com,1999:blog-21271644.post-36790406776036001112010-08-11T14:58:11.943-07:002010-08-11T14:58:11.943-07:00Frank, great info--thanks.Frank, great info--thanks.Jeff Alworthhttps://www.blogger.com/profile/02930119177544342495noreply@blogger.comtag:blogger.com,1999:blog-21271644.post-18424911012050076292010-08-11T14:44:58.376-07:002010-08-11T14:44:58.376-07:00Excuse me, what I tried to type is that KPS bought...Excuse me, what I tried to type is that KPS bought both Genesee and Labatt's USA rights (from Bud/InBev) last year, and formed a shell subsidiary called North American Breweries, which is now buying IBU.Frank Whitenoreply@blogger.comtag:blogger.com,1999:blog-21271644.post-53609784693516957982010-08-11T14:41:35.474-07:002010-08-11T14:41:35.474-07:00Labatt's didn't buy anything. An NYC-based...Labatt's didn't buy anything. An NYC-based private equity firm called KPS Capital Partners bought Genesee last year, and the US rights to Labatt's (from Bud/InBev,North Amperican Breweries. NAB is now buying IBU, which is Magic Hat, Pyramid & Mac's.<br /><br />This deal is happening because the private equity fund (Basso Capital Mgmt)that's financed Magic Hat's Frank Whitenoreply@blogger.comtag:blogger.com,1999:blog-21271644.post-54292937741914058382010-08-11T11:21:17.899-07:002010-08-11T11:21:17.899-07:00Someone please correct me if I'm wrong. Wasn&...Someone please correct me if I'm wrong. Wasn't Pyramid a public company before, and one of the reasons Magic Hat acquired it was to make it part of a private/independent again?<br /><br />Is Labatt a public company? If so, I would find this whole transition ironic I guess.Matthew DiTullohttps://www.blogger.com/profile/07468721391447871061noreply@blogger.com