PABST BREWING CO

What does PABST BREWING CO Own?

Pabst Brewing Company was created in 1844 in Milwaukee, Wisconsin by Jacob Best, originally as The Empire Brewery. In 1860, Jacob’s son Phillip took control and renamed it Phillip Best Brewery. In 1863 Frederick Pabst purchased half of the brewery, and in 1873 he became president, renaming the brewery after himself shortly thereafter. The following year, Pabst was the biggest brewery in the country. In 1932, Pabst merged with Premier Malt Products Co. In 1985, Pabst was purchased in a hostile takeover by Paul Kalmanovitz for $63 million through his holding company S&P Co, which became a part of his charitable trust when he died. Pabst purchased Stroh Brewing and its many brands in 1999. In 2005, the IRS demanded that S&P sell Pabst to retain their non-profit status, which finally occurred in 2010 when it was purchased by C. Dean Metropoulos for $250 million. In 2014 it was sold again to Eugene Kashper and TSG Consumer Partners.

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