YFGF on social media

Firkin a go-go (01)

Want even fresher beer news?

Go to YFGF's Facebook page:
YoursForGoodFermentables/

Or scroll down.

***************


Sunday, September 23, 2007

Iron City buffs the rust?

Pittsburgh Brewing Company, maker of Iron City, has been sold, and renamed ... Iron City Brewing Company. The deal was completed on 18 September.

According to Jack Curtin:

Pittsburgh Brewing was forced into bankruptcy in December 2005 when the Pittsburgh Water & Sewer Authority threatened to terminate service because of more than $2 million in unpaid bills. It had posted operating losses of $1.2 million over the three years prior to bankruptcy, losses continued during its bankruptcy, with the brewery losing $3 million last year on sales of $24.5 million.

The defunct Frederick Brewing Company in Maryland suffered a similar fate, at one point owing over a million dollars on its water bill. Considering that 95% of beer is water, that's an ingredient a brewery needs to pay for! It's still open, but is now owned and operated as the Wild Goose Brewery by Flying Dog Brewing Company of Colorado.

More on Iron City, from the Pittsburgh Tribune Review:
Iron City's new owner faces old challenges

No comments:

Post a Comment

Comment here ...