Craft Brewing and Distilling News for September 17, 2019September 17, 2019
•Oregon’s Eastside Distilling has acquired Azunia Tequila from Intersect Beverage in an all-stock transaction worth an initial $14.7 million, with another $1.5 million pending based on the future performance of the brand. The 100%-agave Azuñia lineup ($35-$46 a 750-ml.) includes Blanco, Reposado, and Añejo Tequilas and a two-year Extra Aged Special Reserve Añejo, Azuñia Black ($125). The brand is currently on an annual run rate of 16,000 cases, according to Eastside, and had sales of $3.5 million in the 12 months through July.
•Key West-based Papa’s Pilar Rum has launched Marquesas Blend, a new aged rum finished in ex-Bourbon barrels. The 44% abv spirit is blended from seven rums aged up to 24 years and sourced from the Caribbean, the U.S., and Central America, before finishing in #4 char Bourbon barrels. Papa’s Pilar Rum Marquesas Blend will be available in the company’s 14-state distribution footprint beginning in October for a suggested price of $47 a 750-ml.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.