Pittsburgh Food & Beverage Company

The Pittsburgh Food & Beverage Company was a holding company created in 1991 by entrepreneur Michael P. Carlow to manage a pair of struggling but iconic companies in Pittsburgh, Pennsylvania. Originally joining the candymaker D. L. Clark Co., maker of the Clark Bar, with the Pittsburgh Brewing Company and their Iron City Beer, it expanded to add further regional businesses: Mount Pleasant, Pennsylvania's L. E. Smith Glass Company, the Fort Wayne, Indiana-based Wayne Candies, Inc., and Pittsburgh's City Pride Bakery. Its 1995 collapse in bankruptcy and the subsequent conviction of Carlow for using a check kiting scheme, said to have defrauded a local bank of more than $31 million, was reported nationally.