The struggling former Pittsburgh Brewing, who emerged from bankruptcy in 2007 as Iron City Brewing, has been purchased by a New York-based private equity firm, Uni-World Capital for an undisclosed sum. The investor group led by Timothy Hickman that purchased Iron City from bankruptcy is selling the “company’s Iron City and IC Light labels, some lesser brands and the company’s other assets.” Iron City remains headquartered in Pittsburgh, despite having moved production to nearby Latrobe, PA, where it contracts its beer from the former Rolling Rock brewery that was purchased by Wisconsin’s City Brewing when Anheuser-Busch abandoned it after buying the Rolling Rock brand in 2006. To read more, the Pittsburgh Post-Gazette has the fullest account of this story.