Pabst Owner Metropoulos Says He May Make More Beer Acquisitions
February 21, 2012, 2:42 PM ESTBy Duane D. Stanford
Feb. 21 (Bloomberg) -- Pabst Brewing Co. owner C. Dean Metropoulos said he will look to make more beer acquisitions, in part to take advantage of the growing craft market.
“It’s a good time right now for financing,” Metropoulos said today during a presentation at the Beer Industry Summit hosted by Beer Business Daily in San Diego.
Metropoulos, who with his sons purchased Pabst in 2010 for about $250 million, said there are a number of interesting craft brands he may consider, without naming any.
The company may expand into cider, Metropoulos’s son and co-owner, Evan Metropoulos, also said.
--Editors: Kevin Orland, Robin Ajello
To contact the reporter on this story: Duane D. Stanford in Atlanta at dstanford2@bloomberg.net
To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net
