Exclusive news and research on the wine, spirits and beer business

Exclusive: Palm Bay’s Taub Family To Acquire Pasternak Imports, Markedly Expanding French Portfolio

The Taub family, which owns importer Palm Bay International, is set to acquire Harrison, New York-based Pasternak Wine Imports from Bordeaux’s Domaines Barons de Rothschild (Lafite) for an undisclosed sum.  Continue reading →

Posted in News on December 8, 2016

Pernod Acquires Majority Stake In Craft Player Smooth Ambler

Pernod Ricard has acquired a majority take in Smooth Ambler Spirits Co., the West Virginia craft distiller best known for its Old Scout Single Barrel Bourbon. Continue reading →

Posted in News on December 8, 2016

Interview, Part 2: Constellation Beer’s Paul Hetterich On The Ballast Point Acquisition

EDITOR’S NOTE: With its Mexican portfolio thriving, last year Constellation Brands’ beer division jumped into the craft segment with the $1 billion acquisition of Ballast Point, the San Diego-based craft brewer. Since that deal closed, long-time Constellation executive Marty Birkel has been named president of Ballast Point, while the craft brewer’s founder Jack White and former top executives Yuseff Cherney, Jim Buechler and Earl Kight have all departed. (They’re now involved in a new venture, Cutwater Spirits, which owns former Ballast Point spirits brands Three Sheets Rum, Devil’s Share Whiskey, Fugu Vodka and others.) In this second part of SND contributing editor Terri Allan’s interview, Constellation Beer president Paul Hetterich explores how the Ballast Point deal has impacted Constellation—and whether new moves in the craft segment lie ahead. Continue reading →

Posted in News on December 8, 2016

News Briefs for December 8, 2016

•Heaven Hill Brands’ Deep Eddy Vodka is expanding operations with the purchase of a second distillery located outside of Austin, Texas. Continue reading →

Posted in News on December 8, 2016

Craft Brewing and Distilling News for December 8, 2016

•Texas-based Treaty Oak Brewing & Distilling has opened a new craft brewery at its Dripping Springs location. Continue reading →

Posted in News on December 8, 2016

Brown-Forman Posts 5% Growth In U.S. In Fiscal First Half

Brown-Forman has revealed solid underlying growth numbers in the core U.S. market for the six months through October, marking its fiscal first half, with organic net sales up 5%. Continue reading →

Posted in News on December 7, 2016

← Older posts