A Russian Beverage Company Buys Pabst Brewing!

Favorite
russia,news,hipsters,pbr
- -

From the New York Times:

A Russian beverage company said on Thursday that it was acquiring the Pabst Brewing Company, which makes the Pabst Blue Ribbon beer popular with barflies and hipsters alike and other brands like Colt 45 and Old Milwaukee.

The company did not disclose terms of the transaction, but people briefed on the matter said the price was more than $700 million in cash.

The buyer is Oasis Beverages, a Russian brewer and beverages distributor. Backing Oasis is TSG Consumer Partners, an American private equity firm focused on consumer goods, which will take a minority stake.

Only in Russia: A Luxury Bentley Gets a Fine Layer of Fresh Concrete

Favorite
- -

Drunk Russians and Tractors, a Match Made in... Well Probably Not Heaven

Favorite
- -

Meanwhile in Russia: Road Rage Surprise

Favorite
- -

Wait for it...

Damn Nature, You Scary of the Day: Russian Beachgoers Caught in Surprise Hailstorm

Favorite
- -

Meanwhile in Russia of the Day

Favorite
- -

I can't even...

Fail of the Day: Russian Reporter Tries Her Hardest to Jump a Puddle

Favorite
- -