Pyramid Breweries, Inc.
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| Pyramid Breweries, Inc. | |||||||||||
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| Location | Seattle, Washington | ||||||||||
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| Owner(s) | Public | ||||||||||
| Year opened | 1984 | ||||||||||
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Pyramid Breweries, Inc. (NASDAQ: PMID), headquartered in Seattle, Washington, is a brewer of craft beers, ales, and lagers under the Pyramid label. It has operations in Sacramento, Berkeley, and Walnut Creek, California, in addition to Seattle.
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[edit] History
Founded in Kalama, Washington, in 1984 as Hart Brewing, Inc., the company bought Thomas Kemper Brewing of Poulsbo in 1992. (Thomas Kemper had been founded in 1985 on Bainbridge Island, and began making soft drinks in 1990.)
[edit] First commercial apricot ale
In 1994, Hart Brewing introduced Apricot Ale which went on to win a gold medal from the Great American Beer Festival where they were dubbed innovators in the fruit beer category. Hart Brewing changed its name to Pyramid in 1996 after its best-known brand.
[edit] Publicly-traded company
Pyramid's shares trade on the NASDAQ under the ticker symbol PYR.BR. The company went public in 1995.
[edit] Beers
Pyramid used to feature one of the single largest selections of beer types among a single brewer. They made beers covering all the major types including, ales, lager, weizens, ciders, porters, and IPAs. Nowadays, the selection has been pruned to six styles, three of them weizens (wheat ales).
[edit] Current events
In 2007, Pyramid sold Thomas Kemper to Adventure Funds of Portland, Oregon.
Pyramid also owned the Portland/MacTarnahan's Brewing Companies. In 2008, Pyramid agreed to be acquired by Magic Hat Brewing Company for $2.75 per share, a total of about $25.2 million. Magic Hat will "maintain offices in Seattle" after the merger.[1]
[edit] Alehouses
Pyramid Breweries operates 4 restaurants called 'Alehouses' in Seattle, Berkeley, Walnut Creek, and Sacramento. In addition, Pyramid operates a taproom in Portland.
The Seattle Alehouse opened in 1994 and is directly west of Safeco Field, which was completed in 1999. The Walnut Creek Pyramid Alehouse opened in 2002.
[edit] References
[edit] External links
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