News Briefs for November 2, 2017November 2, 2017
•Breakthru Beverage has acquired boutique fine wine and spirits wholesaler Bacchus Importers, Ltd. for an undisclosed sum. Operating in Maryland, Delaware and Washington, D.C., Bacchus has been owned by the Merinoff family—part owners of Breakthru—since 1994. Bacchus will operate as an independent subsidiary led by president Bruce Gearhart. The Bacchus portfolio includes domestic wineries like Shafer, Roth and Frog’s Leap, as well as imported wines from Wilson Daniels, Boisset, Vineyard Brands and others.
•Patrón Tequila has released its latest limited edition large-size bottle ahead of the holiday season. Featuring imagery inspired by Mexican folk art, the new one-liter offering is filled with Patrón Silver and packaged with a pewter label, metallic stopper and green gift bag. This year’s Patrón Silver One-Liter Limited Edition bottle, targeted toward gifting and party occasions, retails at $59.99. It marks the third edition in Patrón’s collectible holiday bottle lineup.
•MGP Ingredients saw its premium beverage alcohol sales rise 16% in the third quarter ended in September, to nearly $44 million. That performance helped the company’s total distillery products unit to an 8.5% increase to $72 million for the quarter. Known for its contract distilling business, MGP has also branched out recently to market its own spirits brands, including George Remus Bourbon and Till American Wheat Vodka.
•Luxco has sold off its Meier’s Wine Cellars unit to family member Paul T. Lux for an undisclosed sum. Lux, who has served as Meier’s president since Luxco’s 2011 acquisition of the Cincinnati-based business, is the grandson and namesake of Luxco founder Paul A. Lux and the nephew of current chairman and CEO Donn Lux. Established in 1890, Meier’s produces a range of owned brands—including the Meier’s, Three Islands Dessert Wine and Reiém Sparkling Wines labels, among others—and provides custom contract services for other brand owners and operators. The sale is part of Luxco’s effort to streamline and focus on key spirits brands like Rebel Yell Bourbon, Saint Brendan’s Irish Cream and Exotico Tequila, as well as its new Bardstown, Kentucky-based Bourbon distillery Lux Row Distillers.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.