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East buys west as Magic Hat set to merge with Pyramid

According to a joint press release issued today, Pyramid Breweries and Magic Hat Brewing Co. want to merge. Magic Hat will acquire Pyramid, through an agreed-upon all-cash tender offer and subsequent merger, at $2.75 per share of Pyramid common stock. The deal is supposed to close by Aug. 31.

Pyramid has a strong presence in Washington, California and Oregon. Magic Hat sells its beers from Maine to Georgia and as far West as Illinois.

Can this marriage work?

Are more mergers in the works for brewers as costs climb?  

Do you think their beers are similiar?

Posted by Rob Kasper on April 29, 2008 2:00 PM |
                    

Comments

Business takes me from MD to CA every month...and I've had the opportunity to drink many of varieties from each company. I think this could be a good fit. THe two will take advantage of each other's distribution network and reach a bigger base.

My concern--I prefer the Pyramid's Hefe far to MHat's Hefe--by far. I hope they keep Pyramid's Hefe.

Posted by: Bolt | April 30, 2008 9:58 PM

I am hoping that they just use each other for the distribution and duel advertising. hopefully it works out where no (or not many) beers are left in the gutter

Posted by: Jason | May 1, 2008 10:55 AM

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Rob Kasper, a features columnist, has been writing about beer for 20 years, and he remembers when Anchor Christmas and Noche Buena were about the only beers at a holiday tasting and Sisson’s was the only brewpub in Baltimore. A collection of his columns, "Raising Kids and Tomatoes, Amusing Tales and Appetizing Recipes," was published in 1998. He lives with his wife, Judith, a professor at Johns Hopkins School of Public Health, in a downtown Baltimore rowhouse. They have two grown sons, who come home from time to time and drink their father’s beer.
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