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
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