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Oasis is buying Pabst with TSG, an investment firm known for its work with consumer products companies. TSG Consumer Partners will take a minority stake in Pabst.
In addition to its namesake beer, Pabst Brewing Co. makes Colt 45, Old Milwaukee and Schlitz. Pabst was acquired in 2010 by C. Dean Metropoulos & Co., which is known for investing in food brands, including Twinkie maker Hostess.
Pabst Brewing traces its roots back to 1844 in Milwaukee. Pabst Blue Ribbon in particular has also grown in popularity among people in their 20s and 30s in part for its blue-collar appeal and cheap price. Metropoulos has in recent years enlisted comedian Will Ferrell to market the company's beers.
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6 comments:
New Russian boilermaker, fermented potatoes and red neck American beer.
OMG> The US isn't going to own anything anymore...
The Democrats have made it too hard to run a business in America.
A beer with some balls , finally .
Obama , don't you just love it!
Hey, Russki Brewski coming near you, first Colt 45. next AK-47. Thanks Obama, for "helping" the economy, again.
You know it's sad when the bad economy brought on by the Democrats causes a business that has been here for generations to sell out to a Russian company. I hope everyone that loses their jobs are Democrats who voted for Obama. I hope that food stamps runs out on them to. Guess what if you are white it's more difficult to get assistance.
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