Pabst Sold for $700 Million
Looks like Pabst Brewing Company, makers of Pabst Blue Ribbon, is being sold to Oasis Beverages, a Russian brewing company and distributor. According to the New York Times, Oasis will pay between $700 and $750 million for the brand. In addition to PBR, Pabst also makes Colt 45 and Old Milwaukee, in addition to other legacy brands and local favorites including Lone Star, Ranier, Old Style, Schlitz and National Bohemian.
[Submitted by Jay Theriot]
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