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The precise origin of the Truman family's involvement in brewing is unclear. Although 1666 is often cited as the start date, it is more likely to have been in 1679 when Joseph Truman Senior (died 1721) acquired the Black Eagle Street brewhouse from William Bucknall. The two sons of Joseph Truman Senior, Joseph Truman Junior (died 1733) and Benjamin Truman (died 1780) entered the business in 1716 and 1722 respectively. Joseph retired in 1730 and Benjamin developed the business so that in 1760 (the year he was knighted) Truman's brewery was the third biggest in London, brewing 60,000 barrels of beer per annum. After 1780, James Grant (died 1788), Sir Benjamin's assistant and executor, ran the business whilst the property passed to Sir Benjamin's grandsons, General Henry Read and William Truman Read.
In 1789 Sampson Hanbury acquired James Grant's share of the business and manged the brewery until 1835. He was joined in 1811 by his nephew Thomas Fowell Buxton. Additional partners joined in 1816: Thomas Marlborough Pryor and Robert Pryor, who had previously run Proctors brewhouse, Shoreditch. Production rose from 100,000 barrels per annum in 1800 to 400,000 barrels per annum in 1850, so becoming the largest brewery in London.
Truman Hanbury Buxton and Co. Ltd was registered in 1889 as a limited liability company. The company was acquired by Grand Metropolitan Hotels Ltd in 1971 and changed its name to Trumans Ltd. In 1974 it merged with Watney Mann Ltd. Brewing at Burton ceased in 1971 but the Black Eagle Brewery at Brick Lane, Shoreditch, continued to operate until 1988. In 1991, Grand Metropolitan Hotels Ltd was taken over by Courage Ltd.