Pabst is not owned by Budweiser. Pabst Brewing Company has had a long and interesting history, going through several ownership changes over the years. Budweiser, which is owned by Anheuser-Busch InBev, is a separate entity from Pabst.
In 2014, Pabst went on the market again and was acquired by Blue Ribbon Intermediate Holdings LLC. This partnership was formed between Eugene Kashper, a beer entrepreneur and Pabst's current chairman and CEO, and TSG Consumer Partners, a private equity firm based in San Francisco. The reported acquisition price was $700 million.
It's worth noting that Pabst Brewing Company has had various owners throughout its existence. It was originally founded in 1844 by Jacob Best and was operated by the Best family until 1889. After that, the company went through a series of ownership changes and mergers.
In my personal experience as a sommelier and brewer, I have come across Pabst beers in a variety of settings. Pabst Blue Ribbon (PBR) is perhaps the most well-known beer produced by Pabst Brewing Company. It has gained a cult following and is often associated with a hipster or alternative culture. PBR is known for its affordability and has become a popular choice among beer enthusiasts.
While Pabst may not be owned by Budweiser, it is interesting to note the influence and impact that different beer brands have on the industry. Each brand has its own unique history, brewing techniques, and loyal fan base.
Pabst Brewing Company is not owned by Budweiser. It has gone through various ownership changes throughout its history and is currently owned by Blue Ribbon Intermediate Holdings LLC, a partnership between Eugene Kashper and TSG Consumer Partners. The acquisition of Pabst in 2014 marked a new chapter for the company, and it continues to produce popular beers like Pabst Blue Ribbon.