Pabst Brewing Company has been sold to C. Dean Metropoulos as of Friday. The purchase price was not disclosed, but has been estimated to be around $250 million. Mr. Metropoulos is a consumer products veteran whose previous purchases include Chef Boyardee, Bumble Bee canned tuna, Swanson frozen dinners, and Vlasic pickles.
A list of Pabst Brewing Company's stable of viable regional breweries and brands include:
1. F&M Schaefer Brewing Company
2. G. Heileman Brewing Company
Carling Black Label
3. Joseph Schlitz Brewing Company
4. Lone Star Brewing Company
5. Pabst Brewing Company
Pabst Blue Ribbon
6. Pearl Brewing Company
7. Piel Brothers
8. Primo Brewing & Malting Co.
9. Rainier Brewing Company
10. Stroh Brewery Company
Silver Thunder Malt Liquor
Personally, I think the Metropoulos' made a shrewd purchase that will deliver solid sales and profits. This business will be worth 10 times the amount he paid for it in a decade.
I heard somewhere that Pabst Brewing Company had 30 employees. From what I've seen recently, Pabst could be run by two people, tops.