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A hot Kentucky whiskey brand is being acquired by the second-largest beer maker in the U.S.

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A surprising acquisition has taken place in the alcohol industry. Molson Coors, known for its popular beer brands, has announced its purchase of Blue Run Spirits, a Kentucky-based distillery. Blue Run had previously announced plans to build a cutting-edge distillery in Georgetown, with a design by the same firm that worked on Google’s headquarters. The distillery is set to open in 2025 and will proceed as planned under the new ownership.

One notable aspect of this acquisition is that Blue Run will maintain its association with Bourbon Hall of Famer Jim Rutledge, who will continue to serve as the brand’s distillery consultant. This ensures that the expertise and quality that Blue Run is known for will remain intact. The purchase price for Blue Run has not yet been disclosed.

Molson Coors, based in Chicago, is the second-largest brewer in the U.S., with a portfolio that includes famous brands like Coors Light, Miller Lite, and Blue Moon Belgian White. This acquisition signifies Molson Coors’ desire to expand beyond its beer roots and establish a presence in the spirits market. The company is launching Coors Spirits Co., with Blue Run joining as one of its brands.

Blue Run has quickly gained popularity since its launch in October 2020. Its limited releases have consistently sold out within minutes, and the brand has already garnered numerous awards in spirits competitions. Three new releases from Blue Run are slated to launch later this year.

The whiskey brand is best known for its distinctive bottles featuring a butterfly medallion. Currently available in 31 states and online, Blue Run has made a significant impact on whiskey enthusiasts across the country. The acquisition by Molson Coors will undoubtedly provide the resources and reach necessary to further grow the brand.

Coors Spirits Co.’s whiskey curator, Shaylyn Gammon, will oversee Blue Run’s whiskey production. Meanwhile, Blue Run co-founder and CEO Mike Montgomery will take on the role of VP within Coors Spirits Co. David Coors will continue to lead Molson Coors’ spirits strategy and business development as the executive chair of Coors Spirits Co.

Molson Coors made its foray into the spirits market in 2021 with the introduction of Five Trail Blended American Whiskey. In 2022, they launched Barmen 1873 Bourbon. The acquisition of Blue Run represents the company’s ongoing commitment to diversifying its product portfolio and appealing to a broader consumer base.

Mike Montgomery, Blue Run’s co-founder and CEO, expressed gratitude for the support and recognition the brand has received from the whiskey community. He sees Molson Coors’ involvement as an opportunity to continue Blue Run’s journey of innovation and appeal to a younger, more diverse generation of whiskey drinkers.

This acquisition marks the fourth major sale in the spirits industry within the past two years. Bardstown Bourbon Co. was sold to Pritzker Private Capital in March 2022, followed by Bardstown Bourbon Co.’s purchase of Green River distilling in June 2022. In October 2022, Wilderness Trail Distillery in Danville, one of the world’s largest distilleries, was acquired by Campari Group for $600 million.

The Blue Run acquisition showcases the ever-evolving nature of the alcohol industry. Established beer companies like Molson Coors are recognizing the potential for growth in the spirits market and are actively seeking opportunities to expand their offerings. As the consumer base continues to diversify, we can expect more unexpected acquisitions and collaborations in the alcohol industry.

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August 8, 2023 beer-articles

A hot Kentucky whiskey brand is being acquired by the second-largest beer maker in the U.S.

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**Breaking Tradition: Major Beer Company Acquires Kentucky Distillery**

In an unexpected turn of events, Molson Coors, the renowned beer maker, has made a surprising move by purchasing Blue Run Spirits, a Kentucky-based distillery. The announcement, made on Tuesday, took the industry by storm, signaling a significant shift for both the beer and spirits markets.

Blue Run Spirits had previously unveiled plans to construct a groundbreaking $51 million distillery in Georgetown’s Lanes Run Business Park. The design of this innovative facility was to be led by the same firm responsible for Google’s headquarters. Despite the acquisition, these plans will remain intact, and the distillery is still expected to open its doors in 2025.

Jim Rutledge, a Bourbon Hall of Famer and the brand’s distillery consultant, will continue his association with Blue Run. This retention of key personnel reinforces Molson Coors’ commitment to maintaining the brand’s values and heritage.

The exact purchase price for Blue Run Spirits has not been disclosed. Nevertheless, the acquisition represents a significant move by Chicago-based Molson Coors, the second-largest brewer in the U.S. with over $10 billion in annual sales. Known for Coors Light, Miller Lite, and many other popular alcohol brands, Molson Coors has been actively expanding beyond its beer roots.

Michelle St. Jacques, Molson Coors’ Chief Commercial Officer, stated, “Molson Coors has been on a journey to broaden beyond our beer roots and build powerful brands in growing categories, and Blue Run joining us is an exciting next step as we establish Coors Spirits Co.”

Launched in October 2020, Blue Run Spirits quickly gained traction as a hot whiskey brand. Each individual release achieved remarkable sales, with bottles selling out within minutes. Notably, their releases have consistently garnered awards in spirits competitions, solidifying their reputation as a quality whiskey producer.

Blue Run Spirits is famous for its butterfly medallion-adorned bottles, which have become a symbol of their brand. Currently available in 31 states and online, Blue Run Spirits plans to expand its reach and augment its whiskey portfolio with three new releases scheduled for the late summer/fall season.

This acquisition positions Blue Run Spirits as an integral component of the newly established Coors Spirits Co., an expansion of Molson Coors’ existing spirits business. Shaylyn Gammon, an up-and-coming talent in the spirits industry, will serve as whiskey curator for Coors Spirits Co., while Blue Run’s co-founder and CEO, Mike Montgomery, assumes the role of Vice President.

David Coors, executive chair of Coors Spirits Co., will continue to lead Molson Coors’ full-strength spirits strategy and business development. Notably, Molson Coors ventured into the spirits market just last year with the introduction of Five Trail Blended American Whiskey, followed by the launch of Barmen 1873 Bourbon in 2022.

Mike Montgomery, expressing his gratitude, stated, “Since launching Blue Run, we have always strived to do things a little differently to truly embrace today’s younger, more diverse generation of whiskey drinkers. We are humbled by how the whiskey community has embraced our vision and that Molson Coors wants to join and support us in this journey.”

The acquisition of Blue Run Spirits marks the fourth major sale within the distillery industry in recent years. In March 2022, Bardstown Bourbon Co. was sold to Pritzker Private Capital, followed by their acquisition of Green River distilling in Owensboro just three months later. In October 2022, Wilderness Trail Distillery in Danville, the 14th largest in the world, was sold to Campari Group for a staggering $600 million.

Molson Coors’ bold move to acquire Blue Run Spirits underscores the rapidly evolving landscape of the alcoholic beverage industry. This unexpected partnership between a major beer company and a distinguished distillery symbolizes the drive to adapt and diversify in an ever-changing market. As Blue Run Spirits prepares to take its place within Coors Spirits Co., we can anticipate further innovation and growth from this groundbreaking collaboration.

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August 8, 2023 liquor-articles
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