Directors at Scotlandís Harviestoun Brewery have bought it from the Caledonian Brewing Company to preserve it as an independent micro-brewery.
Caledonian Brewing Companyís founder shareholders Sandy Orr and Donald MacDonald and long-term shareholder Stephen Crawley decided to buy Harviestoun following the acquisition of Caledonian by Scottish & Newcastle.
Chris Miller, commercial director at the Alva-based brewery who has just been appointed managing director, said although the company had always been run independently, the move would reinforce its status as an independent brewer.
ďOur aim is simply to keep making exceptional award-winning beers that people enjoy drinking,Ē he said.
Michael Hardman of SIBA said it was good news that Harviestoun's could trade independently, but regretted that its owner Caledonian was now part of a larger group.
He said: "It's good that everyone's so keen for Harviestoun's to stay independent. Over the past 20 or 30 years, small independent breweries have opened up choice in the market."
Harviestounís beers, including Bitter & Twisted, have listings in Sainsburyís and Waitrose. A new product Ola Dubh Ale was recently launched in London and New York.
Stephen Crawley, managing director of Caledonian will continue as a director of Harviestoun but in a non-executive capacity.