USA: Seattle-based Pyramid Breweries links its results to Portland Brewing brands acquisition

Pyramid Breweries Inc. from Seattle announced second-quarter net income of $168,000, or 2 cents a share, up from $145,000, also 2 cents a share, a year ago, Seattle Post communicated on August 9. Net sales rose 25 percent to $13 million. The Seattle-based specialty brewer said the increase was the result of the acquisition of brands from Portland Brewing as well as growth in West Coast markets. Pyramid also said it is no longer seeking a third-party brewing contract for its Seattle facility, and is considering other cost-savings measures.

E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .