Rumors Confirmed: Magic Hat Parent Company (IBU) Acquired By Northern American Breweries, Inc.
The rumors that have been buzzing around the craft beer industry about the pending acquisition of Magic Hat Brewing Company and its parent company have officially been confirmed. Today, KPS Capital Partners, LP announced that its portfolio company North American Breweries, Inc. (NAB) has acquired Independent Brewers United, Inc. (IBU) through an indirect, wholly owned subsidiary. IBU produces, markets and sells the complete line of the Pyramid, Magic Hat and MacTarnahan’s brand families of beer.
The acquisition is the fourth by NAB since its formation in February of 2009. The first was Labatt USA, followed by High Falls Brewing Company, LLC (brewer of the Genesee, Honey Brown and Dundee family of beers), and Seagram’s Escapes and Seagram’s Smooth brands. Continue Reading »



