BBR ups stake in Anchor Distilling

Berry Bros & Rudd has announced it has increased its shareholding stake in San Francisco-based Anchor Distilling Company.

The British marchant and co-owner Tony Foglio bought the shares owned by fellow co-owner Keith Greggor recently.

BBR divested itself of its shares in US brewer Anchor Brewing when that company was sold to Japanese brewer Sapporo in August this year, but kept its stake in the distilling arm of the business, which is now separate to the brewer.

BBR’s chief executive, Dan Jago, commented: “This is incredibly exciting news for Berry Bros. & Rudd. Not only has ADC experienced strong, profitable and consistent growth in revenue of more than 500% over the past few years, but the business boasts a portfolio of over 300 specialty products from more than 20 countries.”

New BBR chairwoman, Lizzy Rudd, added: “Both we and the team at ADC are incredibly excited about the opportunities this presents for Berry Bros. & Rudd in the United States. We are delighted too, that Dennis Carr, President and CEO of Anchor Distilling Company will continue in his existing role.”