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Oregon breweries Portland, Saxer to merge
Combined company will be 12th-largest craft brewery in country
Feb 2, 2000 - Oregon breweries Portland Brewing Co. and Saxer/Nor'Wester Brewing Co. of Lake Oswego plan to merge.
Specific terms of the deal were not disclosed. But Saxer president Steve Goebel said Portland Brewing Co. now owns the intellectual rights to the 13 Saxer and Nor'Wester brand beers. In exchange, Goebel and his wife, Liz Goebel, become "significant shareholders," and gain a shared seat on Portland Brewing's board of directors, said Tony Adams, Portland Brewing Co.'s president, chairman and chief executive. The Goebels no longer will serve as day-to-day managers. Saxer/Nor'Wester will continue to sell beer under the same name but operate as a division of Portland Brewing Co. The combined company has a brewing capacity of about 75,000 barrels. It will be the 12-largest craft brewery in the United States and third largest in Oregon. Portland Brewing's flagship beer is McTarnahan and while it brews both lagers and ales it is best know for ales. Saxer is best known for its lagers and also produces the Nor'Wester brands, acquired in 1997.
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