Pabst Blue Ribbon Reportedly On The Selling BlockMarch 4, 2014
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.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.