Pass the Brewski? Pabst Sold to Russian Company

[Blue_Tires]

Attention, hipsters. Pabst Brewing Company — and its signature Pabst Blue Ribbon, the ironic, iconic favorite of the young and the cool — has sold to a Russian beverage firm after a century and a half of American ownership, an investing firm announced Thursday. Oasis Beverages, the largest independent brewer in Russia, bought Pabst, which also produces Colt .45, Old Milwaukee and Lone Star beers, according to a statement by the American investment firm TSG Consumer Partners, which will hold a minority stake.

Oasis Board Chairman Eugene Kashper said, “Pabst Blue Ribbon is the quintessential American brand — it represents individualism, egalitarianism and freedom of expression — all the things that make this country great." PBC's headquarters will remain in Los Angeles, according to the statement, but the terms of the sale were not disclosed. Pabst was established in 1844 in Milwaukee, according to the brewer's website. PBC was bought by investor Dean Metropoulos in 2010, and since then, he has managed the company with his two sons, Evan and Darren. "We are very supportive of the new ownership group and their exciting plans for the future," Metropoulos said.


http://www.nbcnews.com/business/business-news/pass-brewski-pabst-sold-russian-company-n207226

[underpants]

1. Brewski

[hifiguy]

2. Pabst always gave me a brutal next-morning headache

back in the day.

[NightWatcher]

3. I love the stuff. I hope it doesn't change

I could (and have) drink it for breakfast. I even used it to ween myself off of xanax years ago.

You can tell you don't live near the hip part of town when PBR costs 7.99 for a 12 pack instead of $5 each at the cool places. I'd drink Lonestar if they sold it here, but till then I stick to PBR for my daily drinker.

[whistler162]

4. Beer is no longer Pabst Blue Ribbon but

Pabst Red Ribbon beer! Da comrades.

[KamaAina]

5. Attention, LGBT hipsters.

And any other hipsters who give a crap about LGBT issues, if they exist.

[Xyzse]

6. Hrmm... The first time I've ever heard of Pabst Blue Ribbon was from South Park

I've never tried it, and like I said, this clip from an episode is the only thing I know about it.

Good luck to the company I guess.

[rurallib]

7. will now be brewed in Milwauski

eta - the Beer that made Milwauski famous!

[Orrex]

8. You know that Frank Booth says.