Pabst Blue Ribbon Reportedly On The Selling Block

Pabst Blue Ribbon’s private equity owner, C. Dean Metropoulos, is said to be seeking a buyer for the beer brand, which is valued between $500 million and $1 billion, according to a report in Reuters. Boutique investment bank Perella Weinberg Partners has reportedly been tapped to assist with the sale.

Metropoulos acquired Pabst from Kalmanovitz Charitable Foundation for $250 million in 2010. Since then, the sub-premium brew has grown by more than a third, finishing 2013 up 7% to 35 million (2.25-gallon) cases, according to Impact Databank. An auction of Pabst is expected to attract major brewers as well as private equity bidders.

Tagged : Kalmanovitz Charitable Foundation, Pabst Blue Ribbon, Perella Weinberg Partners

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