News Briefs for November 29, 2018November 29, 2018
•Templeton Rye has introduced a new, limited-edition whiskey. Aged in flame-charred American oak barrels, Templeton Rye Barrel Strength ($60 a 750-ml.) is non-chill filtered and bottled at 57.2% abv. In August, Iowa-based Templeton debuted its new, $35 million distillery, which—at 34,500 square feet—has capacity to produce 500,000 proof gallons of rye whiskey per year. Infinium Spirits handles the brand in the U.S.
•MillerCoors and Pabst Brewing settled yesterday a lawsuit over their brewing contract, although no terms were disclosed. Since 1999, MillerCoors has been the primary brewer and distributor for Pabst, which has volume of between 4 million to 4.5 million barrels annually. Despite options in the contract for two five-year extensions, Pabst alleged that MillerCoors unilaterally decided against an extension in an attempt to snuff out competition, while MillerCoors contended it simply no longer had the brewing capacity following the announcement of the upcoming closure of two of its brewing facilities. Pabst sought $440 million and a court order to honor its contract. Regardless of the settlement terms, the existing contract includes a two-year wind-down period so MillerCoors will continue to brew Pabst through at least 2022. MillerCoors has a 24.8% share of the U.S. beer market, second only to Anheuser-Busch.
•Napa Valley winery Mayacamas Vineyards has named Cathy Cohn as director of global sales, transitioning from her previous role as national sales manager. Elizabeth Huettinger, previously a regional sales manager for Domaine Select Wine & Spirits, will fill Cohn’s old position. In her new role, Cohn will oversee global sales to expand, solidify, and manage Mayacamas’ international business. Huettinger, meanwhile, will focus on the West Coast and other key U.S. markets.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.