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Pabst Acquired By Eastern European Brewer Oasis Beverages For Reported $700 Million

19-Sep-2014

Pabst Brewing Company has been sold by private equity owner Metropoulos & Co. to Oasis Beverages, a Cyprus-headquartered brewer with operations focused in Eastern Europe. The purchase price was undisclosed, but sources told the New York Times that the deal was above $700 million. Metropoulos had acquired Pabst—including the Pabst Blue Ribbon, Lone Star, Rainier, Ballantine IPA, Schlitz, Old Style, Stroh’s and Old Milwaukee beer brands—from Kalmanovitz Charitable Foundation for around $250 million in 2010. – Shanken News Daily


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