Craft Brewing and Distilling News for November 22, 2017November 22, 2017
•Spain’s Zamora Co. has taken an equity stake in Houston-based craft producer Yellow Rose Distilling. Neither the purchase price nor the size of the stake were disclosed. Yellow Rose Distilling founder Ryan Baird and his full staff will remain onboard. “With this new investment we can take Yellow Rose to the next level by expanding our production, growing our aged whiskey stock and improving our marketing capabilities,” Baird said. Zamora is known for its Licor 43 and Villa Massa Limoncello, as well as its Ramon Bilbao range of wines. Zamora’s brands are handled in the U.S. by Deutsch Family Wine & Spirits.
•North Carolina-based Catawba Brewing has agreed to purchase South Carolina’s Palmetto Brewing Co. for an undisclosed sum. The acquisition will allow Catawba to roughly double its output from its current 17,500 barrels. The deal is expected to close by the end of the year and will be followed by a $1 million capital investment plan to increase the breweries’ capacity to around 50,000 barrels in all. Palmetto and Catawba will remain distinct brands but will share distribution and production resources.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.