PBR, brewed in Milwaukee, is known for is relatively low price tag. The purchase also includes other Pabst-owned beers, including Schlitz, Old Milwaukee and malt liquor Colt 45.

Oasis Beverages says the company with remain in Los Angeles. The company was owned by C. Dean Metropoulos, who also owns Hostess.

Oasis told CNN there are no plans to make any changes to recipes.

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Scott Jackson (right), business service consultant for WorkSource Fulton, helps job seekers with their applications in a mobile career center at a job fair hosted by Goodwill Career Center in Atlanta. (Ziyu Julian Zhu/AJC)

Credit: Ziyu Julian Zhu/AJC