Exclusive news and research on the wine, spirits and beer business

News Briefs for August 10, 2017

August 10, 2017

•Constellation Brands has bolstered its craft beer portfolio with the purchase of Oakland Park, Florida-based brewer Funky Buddha for an undisclosed sum. Funky Buddha, which has an annual production capacity of 45,000 barrels, is known for its Floridian Hefeweizen and Hop Gun IPA. The company was founded by the Sentz family in 2010, and Constellation says it’s now South Florida’s largest craft microbrewery by size and volume, and Florida’s busiest tap room by beer sales. Founders Ryan and KC Sentz will continue to run the brewery on a day-to-day basis. Constellation’s craft portfolio also includes San Diego’s Ballast Point, acquired for $1 billion in late 2015.

•Whyte & Mackay is expanding U.S. distribution of prestige Scotch whisky The Dalmore 25. Previously distributed only in luxury on-premise accounts, The Dalmore 25 will hit retail locations nationwide later this month in a limited supply of 1,000 bottles, retailing at $1,300 apiece. The 25-year-old whisky is bottled at 42% abv and was first aged in ex-Bourbon casks before being split into ex-Sherry and ex-Bourbon casks. It was then blended in ex-Bourbon barrels and rested in ex-Port casks. E&J Gallo handles The Dalmore and other Whyte & Mackay brands in the U.S.

•Helsinki, Finland–based spirits producer Altia has signed a distribution agreement with California’s Infinium Spirits to bring Altia’s Koskenkorva vodka to the U.S. market. Produced in Koskenkorva, Finland, from local barley and pure spring water, the 40%-abv vodka undergoes continuous distillation prior to bottling. Koskenkorva Original is currently in 10 states in a 750-ml. format retailing at $24.99. The new partnership with Infinium marks Altia’s inaugural export to the U.S. Infinium also markets Seagram’s Vodka, Templeton Rye and Kerrygold Irish Cream, among other brands.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : , , , , , , ,

Get your first look at 2020 data and 2021 projections for the wine and spirits industries. Order your 2021 Impact Databank Reports. Click here.

Previous :  Next :