History
Portland Brewing Company was founded in 1986 by Fred Bowman and Art Larrance; shareholder Robert Malcolm "Mac" MacTarnahan invested $25,000 and was a major backer of the company. In 1992 the brewery named a beer in his honor, MacTarnahan’s Amber Ale, which quickly became their flagship. MacTarnahan rescued the company from financial straits in 1998 by buying $3.5 million in debt in exchange for stock; as a result Portland Brewing began using MacTarnahan labeling. Portland Brewing Company merged with Saxer Brewing Company of Lake Oswego in 2000.
In 2004, MacTarnahan, then 88 years old, sold the company to Pyramid Breweries of Seattle. The Portland Brewing facility was renamed MacTarnahan's Brewing Company, and continued its operation and product line. MacTarnahan died later that year. In 2008 Pyramid itself was acquired by Magic Hat Brewing Company. This was subsequently bought by North American Breweries of Rochester, New York in 2010 and by Costa Rican company Florida Ice & Farm Co. in 2012. In 2013 the brewery announced it would return to the Portland Brewing Company name.
Read more about this topic: Mac Tarnahan's Brewing Company
Famous quotes containing the word history:
“History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“The disadvantage of men not knowing the past is that they do not know the present. History is a hill or high point of vantage, from which alone men see the town in which they live or the age in which they are living.”
—Gilbert Keith Chesterton (1874–1936)
“I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.”
—Frances Burney (1752–1840)