Daily Archive: December 8, 2016
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 →
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, 2016Interview, 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 →
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, 2016Craft 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
