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Craft Brewing and Distilling News for October 27, 2016

October 27, 2016

•Little more than a year after being named chief executive officer of New Belgium Brewing Co., Christine Perich is leaving the company. Perich, who joined Fort Collins, Colorado-based New Belgium in 2000 as chief financial officer, also held the posts of chief operating officer and president before becoming CEO in August 2015. She succeeded New Belgium co-founder Kim Jordan, who then assumed the role of executive chair of the board of directors. Perich will leave New Belgium by the end of November. Day-to-day management will be handled by the executive team while new CEO candidates are considered. After years of impressive growth, New Belgium—one of the country’s five largest craft brewers—lost ground in 2015, though it appears on pace for growth this year. Amid craft beer’s current dealmaking frenzy, it’s been frequently reported that the employee-owned New Belgium might sell out, with a valuation expected to surpass $1 billion. Perich said in August that there were no plans for a sale.

•Bloomington, Indiana-based Cardinal Spirits has partnered with local craft brewer Upland Brewing Co. to launch Black Bear Bierschnaps. Billed as a German-inspired distilled stout, Black Bear Bierschnaps is made with a base of Upland’s Teddy Bear Kisses seasonal stout, and intended to be consumed as a shot or a digestif. The new entry will be around 60-proof and will retail at $28 a 750-ml., available at the Cardinal Spirits distillery, as well as alongside Teddy Bear Kisses stout at Big Red Liquor stores throughout Indiana. Established in 2015, Cardinal Spirits also produces a variety of craft whiskey, gin, vodka, rum and liqueur offerings.

•Kentucky’s Alltech Lexington Brewing and Distilling Company is releasing its flagship Kentucky Bourbon Barrel Ale in cans. Originally launched in 2006 and sold as a bottled offering, Kentucky Bourbon Barrel Ale will roll out in canned six-packs starting this month, available across Alltech Lexington’s 27-state footprint. In addition to Kentucky Bourbon Barrel, Alltech Lexington’s Kentucky Ale range includes the Kentucky Ale, Kentucky Kölsch, Kentucky Bourbon Barrel Stout and Kentucky IPA labels.

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