Lone Star Beer Falls into Russian Hands
News outlets reported on Friday that Pabst Brewing Company, owner of the Lone Star Beer label, is being acquired by Russian owned Oasis Beverages.
The report, which classified the National Beer of Texas as “sub-premium” went on to estimate the sale price at roughly $750 million, a tidy profit for current owner C. Dean Metropoulos & Co, who paid an estimated $250 million for it in 2010.
Pabst Brewing Co. makes some other, less important, products such as Old Milwaukee, Schlitz and Colt 45.
According to information on their website, Lone Star Beer was created in 1883 by German-born brewing genius Adolphus Busch and some forward-thinking businessmen from San Antonio.
They first began producing their bottled refreshment out of a castle-like brewery located at 200 West Jones Avenue, which now houses a museum. It was added to the National Register of Historic Places in 1972.
The company sold great quantities of beer up until the Volstead Act made their business illegal, and after a Prohibition hiatus, an new entity was formed to get thing going again.
Salinas Brewing Company made the beer up until 1939, brewing at a new facility on Lone Star Boulevard, and then after a brief stint as Champion Brewing Company, the company was purchased by Muchlebach Brewing of Kansas City.
The label has also been owned by Olympia Brewing Co. who sold it to Stroh Brewery Co. who sold it to Pabst.
Lone Star Beer currently is brewed in Fort Worth.