Heritage Distilling Company (HDC), a craft distillery based in the US, has announced the acquisition of local peer Thinking Tree Spirits for an undisclosed sum.
Thinking Tree Spirits was founded in Eugene, OR in 2014 and is described as an award-winning, women-led, farm-to-flask, Oregon grown house of brands.
As a result of the transaction, HDC will own 100% of the Thinking Tree Spirits assets and brands including Gifted Gin, Main Stage Vodka, Whiteaker Rum and Butterfly Lavender Pea Vodka. The new entity will have production facilities for spirits in Tumwater, WA as well as Eugene, OR, along with five retail tasting rooms, a combined online direct-to-consumer presence and growing wholesale distribution across the Pacific Northwest and a number of new states in the Midwest.
Commenting on the acquisition, Jennifer Stiefel, President of Heritage Distilling, said: “When offered the chance to bring these two companies under one roof we readily and humbly accepted it, knowing what it means to take this leap. We are honoured to be entrusted with the enormous task of meeting the public’s expectations for preserving the ethos of the Thinking Tree brand and we are committed to growing it in an authentic way”.
Source: Heritage Distilling Company (via Globe NewsWire)