Russian brewer buys iconic American brand: Pabst Blue Ribbon
on 19/09/14 at 3:48 pmBeer
Oasis Beverages, which is based in Russia, said on Friday it’s signed a deal to acquire Pabst Brewing Company, which is headquartered in Los Angeles.
Pabst traces its roots to 1844 and owns a number of well-known American beer brands, including Pabst Blue Ribbon, Old Milwaukee, Schlitz and the malt liquor Colt 45. It recently resurrected one of the most popular beers of the mid twentieth century, Ballantine India Pale Ale.
Oasis, which also has brewing operations in Ukraine, Belarus and Kazakhstan, did not disclose the terms of the deal, except to say that the investment company TSG Consumer Partners has a minority stake.
Oasis said it will not change any of the Pabst brands.