Craft Brewing and Distilling News for June 23, 2017June 23, 2017
•Vermont’s WhistlePig Whiskey is said to be accepting formal bids from prospective buyers, reports Bloomberg. Unnamed buyers have expressed tentative interest in a buyout, with talks believed to be in the earliest stages. The news follows WhistlePig’s procurement of a $25 million asset-based line of credit from JPMorgan Chase in May, which the high-end whiskey brand plans to pour into expansion of its whiskey reserves and infrastructure. Earlier this year, WhistlePig released FarmStock ($90), its first label made with liquid distilled, aged and bottled at its Vermont farm.
•Michael LaLonde has been named president and CEO of Oregon’s Deschutes Brewery. LaLonde, who most recently served as the craft brewer’s president and COO, succeeds Deschutes founder and chairman Gary Fish as CEO. LaLonde has been with Deschutes since 2005. Deschutes is ranked as the eighth-largest craft brewer in the U.S., according to the Brewers Association.
•Michigan-based Bell’s Brewery has announced Arabicadabra coffee milk stout as its newest fall seasonal. The 5.5%-abv beer is brewed with coffee beans roasted by Grand Rapids, Michigan-based Ferris Coffee, blending the flavors of cold coffee extract with lactose. The beer will be available in six-packs of 12-ounce bottles and on draft. Arabicadabra will ship to Bell’s distribution footprint beginning in October and replaces Bell’s Java Stout for 2017.
•Texas-based Lakewood Brewing Company has released French Quarter Temptress in bottles. The 9.1%-abv Imperial milk stout is made with chicory and barrel-aged coffee beans sourced from Noble Coyote Coffee Roasters. French Quarter Temptress is the latest release in Lakewood’s Seduction Series and is now available in four-packs of 12-ounce bottles and on draft in the Dallas-Fort Worth area. Expanded Texas distribution will follow in the next few weeks.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.