Eastside plans joint expansion of both companies’ resources
March 14, 2017
Portland, Ore.-based Eastside Distilling Inc., a producer of hand-crafted spirits, announced the acquisition of MotherLode Craft Distillery, also based in Portland, Ore., and a provider of bottling services and production support to craft distilleries. Since its founding in 2014 by Allen Barteld, the mission of MotherLode has been to enable craft distillers to increase their production and extend their product lines, reducing cost and increasing efficiency, thereby freeing them to focus on their craft, the company says. The typical MotherLode customer is a distillery of small batch, hand-crafted spirits, or a premium craft spirit sold as a private label, it adds.
Castle Brands Inc., New York, reported financial results for the first quarter of its 2017 fiscal calendar, which ended June 30, 2016. Among the highlights were that net sales increased 1.4 percent to $16.8 million for the first quarter of fiscal 2017.
Whether it’s wine or spirits, consumers are turning to specialty products for their alcohol beverages. These alcohol markets also are being impacted by key demographics, such as millennials and women, research notes.