March 18, 1985
As expected, William F. Smith Jr., president and chief executive of Milwaukee-based Pabst Brewing Co., resigned both posts in the wake of the company's takeover by California investor Paul Kalmanovitz. Executive Vice President John C. Brzezinski also resigned.
February 9, 1985
Milwaukee-based Pabst Brewing Co. said its board would support an offer of $10 a share, or about $64 million, for the company's stock by S&P Co., headed by California brewer Paul Kalmanovitz. Because of a dispute in court between Pabst and two other brewers, however, the company had to officially take a neutral position on the Kalmanovitz offer, a spokesman said. A court hearing is scheduled in Detroit in late March on whether to permanently bar G. Heileman Brewing Co. of La Crosse, Wis.
August 23, 1986 |
Harris Perlstein, former president and chairman of Pabst Brewing Co. under whose auspices a single beer maker first sold its products on both the East and West coasts, has died at the age of 93. Perlstein died of heart failure on Sunday. He was a member of the board of directors at Pabst for 47 years, from 1932 to 1979. He also served as chairman from 1954 to 1972, president from 1932 to 1956 and chairman of the executive committee from 1972 to 1979.
CALIFORNIA | LOCAL
October 26, 2003 |
Lorraine Dunn Davis, 61, a Washington, D.C., accountant who in her youth represented Panama in 1960 and 1964 Olympic sprinting events, died Oct. 16 at North Arundel Hospital in Glen Burnie, Md. The cause was a heart attack. Born in Panama, where her father was an accountant for the Panama Canal, Davis came from a family of athletes but pursued competitive running only when a friend said she could travel abroad if she were a member of the Panamanian national women's track team.
January 29, 2013 |
The dismantling of Hostess Brands Inc. continued this week as bidders, including the owner of Pabst Brewing Co., emerged to buy the bankrupt company's bread and cake brands. C. Dean Metropoulos & Co., the private equity firm that owns the popular Pabst beer label, is one of the likely stalking horse bidders for Hostess cake brands such as Twinkies, Ho Hos, Ding Dongs and CupCakes, according to a person close to the deal. Metropoulos would be joined by Apollo Global Management, a private equity firm that owns major companies such as Carl's Jr. parent CKE, the source said.
May 14, 2011 |
Irony-loving hipsters in Los Angeles, grab a Pabst and give a toast to the maker of one of your favorite beers. In moving its headquarters to L.A. this summer from a Chicago suburb, Pabst Brewing Co. will bring one of the older brands in the business to a bruised California that has seen quite a few corporate head offices flee the state. The company, purchased last year for about $250 million by billionaire investor C. Dean Metropoulos, declined to comment about the reasons behind the move or how many local jobs it might create.