Pearl Brewing Company
The Pearl Brewing Company (also known as the Pearl Brewery or just Pearl) was an American brewery, established in 1883 in Downtown San Antonio, Texas, USA. In 1985, Pearl's parent company purchased the Pabst Brewing Company and assumed the Pabst name. In 1999, the Pabst Brewing Company began transferring its production to Miller Brewing, on a contract basis, and closing all of its breweries. Pearl beer is still in production at Miller's Ft. Worth, Texas facility, but the Pearl Brewery in San Antonio was closed in 2001. Since then, the former brewery was purchased by Silver Ventures, Inc., which has made the property the crown jewel in revitalization efforts of southern Midtown and northern Downtown San Antonio.
Pittsburgh Food &amp; Beverage Company
Carlow continued plans to expand Pittsburgh Food & Beverage, in 1993 making unsuccessful bids for Whitman's Chocolates of Philadelphia and the former corporate parent of Pittsburgh Brewing, La Crosse, Wisconsin's G. Heileman Brewing Company. A successful acquisition in the spring of 1993 added the struggling City Pride Bakery, which was the last operating in the city of Pittsburgh. Clark was reported to have returned to profitability in 1993, with part of the company's turnaround credited to contracts to make products for the Sam's American Choice and Ultra SlimFast brands. Pittsburgh Brewing, at the time the ninth largest in the country, likewise had expanded local market share. For this action in saving and rejuvenating local companies, Carlow was perceived as a 'corporate white knight', and a local magazine called him a "messianic hero". Even when City Pride was shuttered in February 1994 after losing $4 million, locals still considered Carlow's contribution a net gain. Further expansion seemed imminent when in October 1994, Borden announced an agreement to sell Wise Foods, noted for their potato chips, along with Wise's subsidiary, Moore's Quality Snack Foods, to Pittsburgh Food & Beverage. However, this prospective $87.5 million purchase would unmask the fraud that would precipitate the downfall of Pittsburgh Food & Beverage.