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F. and M. Schaefer Corp. - Specimen Stock Certificate

Inv# SE3529   Specimen Stock
State(s): New York
Years: 1968
Color: Green or Brown

Specimen Stock printed by Security-Columbian Banknote Company. Please specify color.

F. & M. Schaefer Brewing Company was a Manhattan brewing company.

It was founded in 1842 by brothers Frederick Schaefer (1817-1897) and Maximilian Karl Emil Schaefer (1819–1904), natives of Wetzlar, Prussia, Germany. Frederick emigrated to the U.S. in 1838, followed by Maximilian in 1839. Maximilian brought the recipe for lager beer with him. After working for them, they saved up enough money to acquire the Sebastion Somers Brewing Company. How this was managed, and what brewing experience the pair brought from Germany, is unclear. What they did bring was a recipe for lager beer, reputedly brewing one of the first such light, crisp, cold brewed and cold aged beers in America in 1848, which they later claimed was the first in the United States, although John Wagner of Philadelphia preceded him in 1840. In time the operation proved highly successful, rising into the number six slot among American brewers by 1871. Max's son Rudolph Jay Schaefer took over as president until his death in 1923. The firm had a large brewery complex on Park Avenue in New York City and caves for lagering its beer along the East River. In the early 20th century it sold the valuable plant real estate and opened a new brewery in Brooklyn. In 1949, the company was affected by the 1949 New York City brewery strike. By the 1950s and again in the 1970s Schaefer was the number five beer in America.

As it grew it purchased several regional breweries, including in Albany, New York, Cleveland, Ohio, and Baltimore, Maryland. A $106 million public stock offering was held in 1968, with the F.& M. Schaefer Corporation emerging as a holding company for its production subsidiary, the Schaefer Brewing Company. Pursuing greater efficiency, it built a large, high-output plant in Allentown, Pennsylvania in the Lehigh Valley, which opened in 1972 and resulted in closure of the company's remaining satellite breweries. In 1974 it was expanded from its original 1,100,000 barrels-per-year capacity to 2,500,000 and then, in 1975, it expanded again to 5,000,000 barrels plus. In 1981 Schaefer was acquired by Stroh Brewing Company which, in turn, was acquired by Pabst Brewing Company in 1999. More information available at https://en.wikipedia.org/wiki/F._%26_M._Schaefer_Brewing_Company

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Condition: Excellent

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Price: $44.00