Ancient Egyptian symbols? Corny, unconvincing magic trick? No! Pyramid and Magic Hat Breweries plan to merge.
The 7th and 13th largest “craft” breweries in the country, respectively, are strongly considering taking the plunge together. Originally, Vermont’s Magic Hat approached Seattle’s Pyramid with an offer, which now includes the former taking on the latter’s incurred debt as well as $2.75 per share. When all is said and done, it looks to be about a $25 to $30 million operation for Magic Hat.