Pabst Brewing to be sold to Russian company Pabst Blue Ribbon has been sold, along with its parent, Pabst Brewing Co., to a Russian company. Check out this story on WBIR.com: http://on.wbir.com/1shraDj Pabst Blue Ribbon - a sub-premium beer brand that embraced savvy marketing to stay relevant in a craft beer age - has been sold, along with its parent, Pabst Brewing Co., to Russian company Oasis Beverages.