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STEVE CAHALAN
For the La Crosse Tribune
A consortium of investors is expected to acquire La Crosse-based City Brewing Co., which will acquire the closed former Miller Coors brewery in Irwindale, Calif., from Pabst Brewing Co., City Brewing announced Tuesday.
City Brewing has about 700 employees in La Crosse and will continue to be headquartered here, a company spokesman told the Tribune later, adding that no changes are expected in La Crosse operations.
City Brewing will continue to operate its breweries in La Crosse; Latrobe, Pa., and Memphis, Tenn., he said.
The transaction is expected to close in April, City Brewing said in a press release. When that happens, City Brewing Chairman and CEO George Parke III will retire. And Ross Sannes, City Brewingâs chief operating officer, who has been with the company since 2012, will become chief executive officer.
City Brewing Company, LLC ("City" or the "Company"), the leading co-manufacturer of high-growth beverages in the U.S., today announced a series of business updates designed to accelerate the Company’s growth, usher in a new generation of City management, and provide its customer partners with even more comprehensive long-term supply solutions. City is also announcing an equity investment after which a consortium of investors including Charlesbank Capital Partners ("Charlesbank"), Oaktree Capital Management, LLC ("Oaktree"), Blue Ribbon Partners, LLC ("Blue Ribbon"), and City management will own 100% of City Brewing. The transaction is expected to close in April 2021.