Adieu, then
Pabst Brewing Co., the fourth-largest beer company in the US, has hired investment bankers Merrill Lynch to investigate its options, which can only mean that the US brewer has effectively been put up for sale. Valuations range from USD350 million to USD500 million. Rumour has it that Brian Kovalchuk, President and Chief Executive prefers a sale of
the entire business rather than individual brands. Whether there’s anybody out there willing to spend good money on dying standard brands - only time will tell.
Pabst was founded in Milwaukee more than 150 years ago but closed its brewery in Milwaukee in 1996. In the mid-1980s the S&P Company, founded by corporate raider Paul Kal-manovitz, purchased Pabst and subsequently moved its corporate headquarters to San Antonio..
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