Exclusive Dean Metropoulos’ Pabst Brewing seeks buyer sources Yahoo… — Volkswagen Apollo

27 Мар 2015 | Author: | Комментарии к записи Exclusive Dean Metropoulos’ Pabst Brewing seeks buyer sources Yahoo… — Volkswagen Apollo отключены
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By Soyoung Kim and Oran

NEW YORK (Reuters) Veteran food industry C. Dean Metropoulos is seeking a new for Pabst Brewing Co, best for blue collar-turned-hipster favorite Blue Ribbon label, familiar with the matter

Los Angeles-based Pabst, whose and malt liquor labels include Schlitz and Old Milwaukee, has boutique investment bank Weinberg Partners to assist the effort, the people said on

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

One of the oldest breweries in the United Pabst is also considering an public offering as an alternative, two added.

All the people asked not to be because the process is confidential. for Metropoulos, Pabst and Perella could not be immediately reached for

Pabst was founded in Milwaukee in by Jacob Best and later to beer tycoon Paul The company was later left in a foundation after Kalmanovitz’s until a judge declared it had to be sold.

Metropoulos, who works his sons Daren and Evan, Pabst from Kalmanovitz Foundation in 2010 for $250

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The business has grown substantially the years since his purchase and is to attract interest from larger brewers and private firms, one of the people familiar the matter said.

Worth billion according to Forbes, has built a fortune turning struggling food brands Chef Boyardee, Bumble Bee and Vlasic pickles. Metropoulos to the United States from as a child and has sold everything milk to pickles to frozen over the last few decades.

In 2013, he teamed up with partner Apollo Global to buy Twinkies, Ding Dongs and from bankrupt Hostess Inc for $410 million.

Dean has served as an executive at companies as the Morningstar Group, which Dean Foods. Duncan cake mix maker Aurora Ghirardelli Chocolates, and Mumm and Jouet Champagnes.

He also ran Boyardee and Pam cooking spray International Home Foods, was sold to ConAgra Foods and Pinnacle Foods, maker of pickles and Log Cabin syrups. Group bought Pinnacle in and took it public last

(Reporting by Soyoung Kim and Olivia Editing by Diane Craft)

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