(Woodridge, IL) – The Pabst Brewing deal finally closed last week. Greek businessman, Dean Metropoulos is now owner of third largest brewery in the U.S. More from various media reports below . . .

From Reuters who broke the news on Friday:

“Investor C. Dean Metropoulos closed a deal to buy Pabst Brewing Co on Friday for an undisclosed sum from the California-based charitable organization that owned it, said Lou Giraudo, who was chairman of the board of Pabst prior to the sale.

Giraudo declined to discuss price other than to say that previously published figures of about $250 million were incorrect. Metropoulos was not immediately available for comment.”

From the New York Times:

“The company said it has more than $500 million in annual sales.

Mr. Metropoulos is a consumer-products veteran whose previous jobs have included running International Home Foods, which sells Chef Boyardee and Bumble Bee canned tuna, and Pinnacle Foods, which sells Swanson frozen dinners and Vlasic pickles.”

From Bloomberg:

“The deal was contingent on renegotiating a long-term agreement with MillerCoors LLC, the U.S. joint venture between Molson Coors Brewing Co. and SABMiller Plc, Metropoulos said. Pabst contracts production of its beer to MillerCoors, and the existing accord was set to expire in 2014, according to regulatory filings.”

More, of course, in the video interview above.