A-B InBev Buys Cutwater Spirits

Dear Client: Anheuser-Busch InBev is making a big splash in spirits. Today the brewer announced it will purchase Cutwater Spirits. Terms of the deal were not disclosed. Cutwater Spirits was founded in August 2016 by top brass at Ballast Point after its sale to Constellation Brands in November 2015, including brewer and distiller Yuseff Cherney, founder Jack White, cco Earl Knight and ceo Jim Buechler [see WSD 08-15-2016]. When Constellation purchased Ballast Point, Jack and his partner retained the rights