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Businessmen eye Schmidt Brewery.

Businessmen eye Schmidt brewery

At least two Twin Cities investor groups have submitted bids to buy the Schmidt Brewery, and plant employees said they are debating whether to join a third possible bid by a group of eight Schmidt distributors.

G. Heileman Brewing officials said several bids were made by last week's deadline, but refused to specify how many or to discuss their identities. The company has said it hopes to choose a buyer by mid-May.

The identified bidders are:

- A group of St. Paul businessmen led by Richard McMahon, an owner of Nobles Industries Inc. The investment group also includes George Hanson, president, Old Home Foods Inc.

- Two Twin Cities businessmen, former Gould Batteries executives John McClung and Walter Wells. Their firm was purchased by the Australia-based Pacific Dunlop Ltd. in 1987.
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Publication:Modern Brewery Age
Date:Apr 16, 1990
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