Word: perlstein
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...brewing house of Pabst Corp. merged with Premier Malt Products Co. of Chicago (TIME, Nov. 14). Last week it became increasingly clear that this deal marked the passing of Pabst Corp., one of the big U. S. family-owned businesses, into the hands of outsiders. The outsiders are Harris Perlstein, aggressive young head of Premier, and his smart assistant, Philip A. Singer. Through the deal the Pabst family become large stock-holders in Premier which will run their famed company as a subsidiary...
...hoariness or tradition clings to Premier. It was formed soon after Prohibition by Anton Spaeth of Decatur, Ill. who saw that there would be a home-brew market for malt. In order to better his product he hired Messrs. Perlstein & Singer. So able were they that within a few months they were partners in the business and soon controlled it. Premier bought a second plant at Steubenville, Ohio and then a third in the once great whiskey city of Peoria. It concentrated on malt products and thrived while the old-line companies struggled to sell near beer...
...Hilson & Neuberger stated that the management estimated it could earn $5 per bbl. The Pabst capacity is set at 1,500,000 bbl.: perhaps when the great Pabst elevators are filled with grain, when its vats are steaming and its payroll upped from 600-to 2,000, Messrs. Perlstein & Singer will be in a position to earn $7,500,000 a year for their company...