Molson Coors Beverage Company Acquires Blue Run Spirits, Further Expanding Its Portfolio Beyond the Beer Aisle
Summary
CHICAGO & GEORGETOWN, K.Y.--(BUSINESS WIRE)--Molson Coors Beverage Company ("MCBC" or "Molson Coors") (NYSE: TAP, TAP.A) has reached an agreement to acquire Blue Run Spirits (“Blue Run”), a visionary and award-winning producer of finely crafted bourbon and rye whiskies. The deal represents another step in Molson Coors’ evolution as a total beverage company while providing Blue Run with resources to continue its growth. Blue Run’s founders – Mike Montgomery, Tim Sparapani, Jesse McKnight and Andy Brown – will all remain with the brand. “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.” Blue Run was represented by Samos Capital of Southlake, TX in the transaction and is legally represented by Foley and Lardner LLP of Milwaukee and Kaplan, Johnson, Abate and Bird LLP of Louisville, in addition to being supported by Joseph Goode and Cody Matthews of Truist Bank of Charlotte, NC. And in August of 2023, Molson Coors acquired Blue Run Spirits of Georgetown, Ky, a distiller of luxury bourbons and rye whiskies to complement the portfolio.