Brookston Beer Bulletin

Jay R. Brooks on Beer

  • Home
  • About
  • Editorial
  • Birthdays
  • Art & Beer

Socialize

  • Dribbble
  • Email
  • Facebook
  • Flickr
  • GitHub
  • Google+
  • Instagram
  • LinkedIn
  • Pinterest
  • RSS
  • StumbleUpon
  • Twitter
  • YouTube
Powered by Head Quarters Built on WordPress
You are here: Home / Breweries / Pabst Finds A Buyer

Pabst Finds A Buyer

May 24, 2010 By Jay Brooks 1 Comment

pabst
Harry Schuhmacher, from Beer Business Daily, is reporting that at long last, Pabst Brewing may have finally found a buyer. The new buyer is C. Dean Metropoulos, formerly of Pinnacle Foods, a food brand giant that he sold last year for $2 billion.

For several years, Pabst has been owned by a non-profit charitable foundation in Northern California, the S&P Company of Mill Valley. The I.R.S. has been insisting since at least 1996 that S&P must sell off Pabst, but they’ve been unable to find a qualified buyer. As a result, the I.R.S. has been granting them extensions while they’ve continued to search for a buyer.

Harry’s take?

He is “adept at revitalizing neglected brands like Chef Boyardee canned pasta, Pam cooking spray and Dennison’s canned chili—and for getting shelf-space mileage out of stronger brands like Bumble Bee canned tuna. ‘I look at all kinds of acquisitions, but I narrow it all down to the strength of the businesses I am already in,’ Metropoulos says to Forbes. Sounds like the right man for the job.

UPDATE: The news from Beer Business Daily is now posted publicly for subscribers and non-subscribers alike.

Filed Under: Breweries, News Tagged With: Big Brewers, Business



Comments

  1. Jess Kidden says

    May 26, 2010 at 3:42 am

    “For several years, Pabst has been owned by a non-profit charitable foundation in Northern California, the S&P Company of Mill Valley”

    S & P (which at the time owned General, Falstaff and Pearl) bought Pabst in 1985. That company’s shares were transferred to the charity Kalmanovitz Charitable Trust, after the death of S &P’s president, Paul Kalmanovitz, and then his wife, about a decade ago.

    In some respects, the “real” Pabst company ended a few years earlier, after a complicated year and half long, three way merger and then spin-off. Heileman bought Pabst and Pabst bought Olympia (which at the time was Oly, Hamm’s and Lone Star) in 1981. Heileman then spun off a “new” Pabst (to keep one step ahead of the anti-trust regulators) but kept the hottest brands (Henry Weinhard, Lone Star and those breweries) as well Pabst’s most modern brewery (in Pabst, Georgia – soon to be re-named “Perry, GA” on Heileman labels).

    At the time, Pabst was a 15 million barrel brewery (and Olympia itself was brewing 6m bbl a year) – a far cry from today, when Pabst (even with the addition of dozens of more brands via Stroh and Heileman) sells in the 5-6 million barrel range.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Northern California Breweries

Please consider purchasing my latest book, California Breweries North, available from Amazon, or ask for it at your local bookstore.

The Sessions

session_logo_all_text_1500

Next Session: Dec. 7, 2018
#142: One More for the Road
Previous Sessions
  • #141: Future of Beer Blogging
  • #140: Pivo
  • #139: Beer & the Good Life
  • #138: The Good in Wood
  • #137: German Wheat
Archive, History & Hosting

Enter your email address:

Typology Tuesday

Typology-png
Next Typology:
On or Before March 29, 2016
#3: Irish-Style Dry Stout
Previous Typologies
  • #2: Bock Feb. 2016
  • #1: Barley Wine Jan. 2016
Archive & History

Recent Posts

  • Historic Beer Birthday: Conrad Windisch March 6, 2021
  • Historic Beer Birthday: John Bird Fuller March 6, 2021
  • Beer In Ads #3658: Dave Cowens & Bob Lanier For Miller Lite March 5, 2021
  • Historic Beer Birthday: Frederick “Fritz” Breckle March 5, 2021
  • Beer In Ads #3657: Bob Uecker For Miller Lite March 4, 2021

RSS Brookston Beer in Art

  • American HopsSusanna Harrison2020
    American HopsSusanna Harrison2020

Recent Comments

  • Angeline Ungerer on Historic Beer Birthday: M.K. Goetz
  • Dick DeShon on Historic Beer Birthday: M.K. Goetz
  • John hughes on Beer In Ads Special Edition: John Ireland’s The Gentle Art of Making Guinness
  • John hughesy on Beer In Ads Special Edition: John Ireland’s The Gentle Art of Making Guinness
  • Moe Peppers on Beer In Ads: #2859: A Clear Commitment
March 2021
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Feb    

Find Something

Tag Cloud

Advertising Anheuser-Busch Announcements Ballantine Bay Area Belgium Brewers Association Brewing Equipment Budweiser Business California Christmas Europe Festivals France Germany Great Britain Guinness Health & Beer History Holidays Hops Humor Infographics Kegs Law Mainstream Coverage Northern California Pabst Packaging Patent Pennsylvania Press Release Prohibitionists San Francisco Schlitz Science Science of Brewing Sports Statistics The Netherlands UK Uncategorized United States Video