It was announced last week that Pabst Brewing Company, makers of Pabst Blue Ribbon aka PBR, had been acquired by the Wall Street investment firm, Metropoulos & Co.
“My sons, Evan and Daren, and I are proud to be part of this 165 year-old historic American icon. Pabst Brewing Company is one of America’s most traditional and well-recognized beer companies and the producer of brands with great heritage and attractive growth trends. Our flagship Pabst Blue Ribbon is America’s fastest-growing beer brand and the growth of several of our other brands currently outpaces the market.” – Dean Metropoulos Continue Reading »
Two weeks ago on March 9th, Jones Soda, signed a letter of intent to be bought by Los Angeles-based Reed’s, the publicly traded seller of Ginger Brew and Virgil’s Root Beer sodas, for about $10 million in cash and stock. Continue Reading »
Trey White (L) and Ken Allen (R)
HMB Holdings and the Anderson Valley Brewing Company in Boonville, recently announced a definitive purchase agreement by which HMB Holdings, LLC will acquire the Anderson Valley Brewery.
Terms of the transaction are undisclosed. Pending appropriate regulatory approvals, the deal will close in April, 2010.
Under the leadership of respected industry pioneer Ken Allen, Anderson Valley Brewery has been creating award winning craft beers in Boonville, CA since 1987. Continue Reading »
BuyABeerCompany.com is looking to raise enough money to buy Pabst, which is up for sale for a mere 300 million.
BuyABeerCompany has raised (at the time of writing this) around $80,000 so far, which may sound like a lot, but in order to reach the asking price, they’ll need to raise $80,000 approx. 3,750 more times. Godspeed optimistic crowdsourcers…Godspeed. Continue Reading »
Things are CRAZY in the world of fine beverage, because the mighty Pabst Blue Ribbon and its myriad of associated brands are available to buy for a mere $300 million.
According to the New York Post:
The company’s brands represent a virtual who’s who of beers, including Ballantine, Colt 45, Lone Star, Olympia Genuine Draft, Piels, Schaefer, Schmidt, and Stroh’s. It is also one of the few private independent brewers left in the nation. Continue Reading »
The Associated Press is reporting that AB-Inbev has sold five theme parks to the Blackstone Group for $2.7 billion. That is a lot of money…enough to buy you approximately 5.4 billion cans of Bud Light at the right bar at the right time in Las Vegas. I’m cool with this, as long as I can still access a bounty of Bud Light in plastic cups near the Stingray Lagoon and then go take a nap in the Penguin Encounter.
SABMiller, the international beer company who owns Miller Genuine Draft, Grolsch and other beer brands, got their very own Namibian brewing license and plans to open up shop in the area. While the company has already been importing beer into Namibia, the license will allow them to finally build a plant in the area.
The brewer also acquired a non-alcoholic maize drink called Maheu from Zambia, where they already own Zambian Breweries Group. Both moves seem to be strategic steps in the company’s desire to internationalize beer — and make it taste exactly the same across the globe. Boring! Continue Reading »
