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Eat and Drink

Wanna buy PBR? Brewer is looking for a new owner

PBR for sale!

PBR for sale! Photo Credit: Flickr/aaron_anderer

If everyone in Brooklyn throws in about 200 bucks, maybe PBR could find its new, rightful home.

Reuters reports that Pabst Brewing Co. (an L.A. company) is looking for a new owner. Sources say the brewer could fetch between $500 million and $1 billion. Or, Pabst could go the IPO route.

C. Dean Metropoulos bought the company (which also makes Schlitz and Old Milwaukee) in 2010 for $250 million.


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