Booze News: Buy Pabst! (The Company, Not a Tallboy)

Booze News

If you’ve long dreamed of owning a beer brand that’s an utter magnet for hipsters everywhere, now’s the time! Inexplicably popular Pabst Brewing Company┬áis on the market. From Reuters:

Veteran food industry investor C. Dean Metropoulos is seeking a new owner for Pabst Brewing Co, best known for blue collar-turned-hipster favorite Pabst Blue Ribbon label, people familiar with the matter said…

While the sale process is still at an early stage and detailed financial information is not available, Pabst is expected to fetch between $500 million and $1 billion, some of the people said.

Look at that again: “between $500 million and $1 billion.” That’s for a company that makes PBR, Old Milwaukee, Schlitz, Lone Star, Old Style, and Blatz, among others. Worth every penny! Let’s pool our resources to make this happen. I’ve got $15 in my wallet right now, and a coffee cup filled with change. Mostly quarters, I think. It’s a good start.