Word: kalmanovitz
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...fifth place in 1972 by swallowing, over a period of years, brewers of such popular regional beers as Rhode Island's Narragansett and New Jersey's Ballantine. The expansion cost dearly: Falstaff lost a total of $11.9 million in 1972 and 1973 alone. This spring Paul Kalmanovitz, owner of San Francisco's General Brewing Co., bought control of Falstaff for $10 million. Other 1975 brewery turnovers: Theodore Hamm Co. of St. Paul, once tenth in the industry, bought out by Washington's expanding Olympia Brewing Co.; and C. Schmidt & Sons of Philadelphia, currently being taken over...
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