Olympia Brewing Company
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| Industry | Alcoholic beverage |
|---|---|
| Founded | 1896 in Tumwater, WA |
| Founder | Leopold Friederich Schmidt |
| Headquarters | Los Angeles, California |
| Products | Beer |
| Owner | Pabst Brewing Company |
| Website | http://www.olympia-beer.com |
The Olympia Brewing Company was a brewery in Tumwater, WA founded in 1896 by Leopold Friederich Schmidt, which existed from 1896 until 1983, when it was acquired by Pabst Brewing Company.
Pabst is headquartered in Los Angeles, California. On November 13, 2014, Pabst announced that it had completed its sale to Blue Ribbon Intermediate Holdings, LLC. Blue Ribbon is a partnership between American beer entrepreneur Eugene Kashper and TSG Consumer Partners, a San Francisco–based private equity firm. Prior reports suggested the price agreed upon was around $700 million.
Leopold Schmidt, a German immigrant from Montana founded The Capital Brewing Company at Tumwater Falls on the Deschutes River in the town of Tumwater, near the south end of Puget Sound. He built a four-story wooden brewhouse, a five-story cellar building, a one-story ice factory powered by the lower falls, and a bottling and keg plant and in 1896, began brewing and selling Olympia Beer. In 1902, the firm became Olympia Brewing Company and chose the slogan "It's the Water" to promote its flagship product. Statewide Prohibition, which began in January 1916, four years before National Prohibition, ended beer making operations. After Prohibition ended, a new Olympia Brewery was erected just upstream from the original, and Olympia beer went back on sale in 1934.
Olympia Beer was a very popular regional brand in the Pacific Northwest for half of a century. It eventually expanded nationwide, repositioned as a low-price lager. During the 1970s, Olympia acquired Hamm's and Lone Star. Olympia Brewing also produced Buckhorn Beer, which had previously been a product of the Lone Star Brewing Company.
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