Pabst Brewing Company up for sale
Reports say that Pabst Brewing Company is going up for sale. Jennifer Collins reports the brewer seems to be worth a lot these days.
Pabst Brewing Company logo (pabstbrewingco.com)
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Bill Radke: The New York Post says Pabst Brewing Company, it's going up for sale. The brewer known for cheap brews seems to be worth a lot these days as Marketplace's Jennifer Collins reports.
Jennifer Collins: The company from Milwaukee is one of only a few privately-owned brewers left in the country. It has a laundry list of dive-bar favorites -- Schmitz, Schlitz, Colt 45, and of course PBR.
Commercial ad: What'll you have? Pabst Blue Ribbon. Pabst Blue Ribbon Beer.
Pabst has dusted off several brands and marketed them -- with a wink and a little irony -- to hipsters and college kids.
Gary Hemphill is the managing director of the Beverage Marketing Corporation.
GARY Hemphill: It's not unheard of to bring back a brand that's seen its sales languish quite a bit. But I would say what they've done is a fairly tall accomplishment.
The Post reports this summer PBR saw its sales increase 21 percent. Altogether, the company could be worth as much as $300 million.
I'm Jennifer Collins for Marketplace.
Comments
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From Desert, CA, 11/04/2009
Here, here, Ryan. Wouldn't it be nice if there were still an American owned anything? Now for that cold one.
From Madison, WI, 11/04/2009
I really hope that what ever company might buy Pabst will be an American company. Otherwise every beer I enjoy will be owned by a company base in another country. I am also hoping that the next company will keep the price about the same. I think I am going to end and enjoy a nice cold one now!
From Milwaukee, WI, 11/02/2009
The Pabst family was out of the brewery business by the end of prohibition, and had held only a minor position for years prior.
But they still had the bucks -- often due to intermarriage with the Uihleins, the family that owned Schlitz.
From Berkeley, CA, 11/02/2009
I went to school with a woman named Putzie Pabst and her family owned the brewery -- she was a woman of great taste (pun intended) -- So if she can sell for $300 million, I say, "Go, Putzie!!!"
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