Pabst Blue Ribbon Could Sell for $1 Billion

What do Twinkies, Vlasic pickles and PBR all have in common? Besides turning up on your coffee table at 3 a.m. post-bar circuit on a Saturday, they’ve all been owned and run by food industry investor C. Dean Metropoulos who has made a business of turning around hard-up food companies and selling them off once back on their feet. He acquired Pabst Blue Ribbon for $250 million in 2010, which is now expected to fetch anywhere from $500 million to $1 billion according to the Chicago Tribune.  Who knew the $1 beer business could be so profitable? [Chicago Tribune] [Photo: Flickr/ Dan Gaken]