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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