Berry Bros ups stake in Anchor Distilling CompanyBy Nicola Carruthers
British wine and spirits merchant Berry Bros & Rudd has increased its stake in US distiller and importer Anchor Distilling Company for an undisclosed sum.
Together with Tony Foglio, the business has purchased co-owner Keith Greggor’s shares in the San Francisco-based distiller.
The news follows the recent sale of the brewing arm of Anchor Brewing Company to Japan’s Sapporo Holdings for an undisclosed sum.
According to Berry Bros, Dennis Carr, president and CEO of Anchor Distilling Company will continue in his existing role.
Berry Bros & Rudd’s chief executive Dan Jago comments: “This is incredibly exciting news for Berry Bros. & Rudd. Not only has ADC experienced strong, profitable and consistent growth in revenue of more than 500% over the past few years, but the business boasts a portfolio of over 300 specialty products from more than 20 countries.”
“Since Anchor Distilling Company first formed in 2010, thanks to a partnership with Berry Bros. & Rudd, the company has transformed from an independent craft distiller to a portfolio of the world’s finest craft spirits,” said Foglio.
The firm produces brands including Old Potrero rye whiskey and Junipero gin, and imports spirits such as Nikka Whisky and Hine Cognac. Its complete portfolio consists of nearly 400 spirits brands from around the world.
The original Anchor Distilling Company was established in 1993 by Fritz Maytag, who purchased Anchor Brewing in 1965. In 2014, the company doubled its production capacity to meet demand for Old Potrero.