In 1987, the brewery was saved through a management buy-out led by head brewer, Russell Sharp.

[2] At the same time, a new Caledonian Brewing Company (CBC) was formed by several former shareholders and directors of the pre-2004 business.

CBC owned the Caledonian brands and operated the brewery site on behalf of the owners.

[3] In January 2006, the Caledonian Brewing Company purchased the Harviestoun Brewery based in Alva, makers of Bitter and Twisted.

Harviestoun was not part of the takeover and was retained by Caledonian's shareholders to run as a separate concern.

[5] In 2008, Heineken acquired the UK assets of Scottish and Newcastle which included the Caledonian Brewery.