Next Century Spirits increases the size of its
portfolio and expands its domestic footprint with
impact acquisition
RALEIGH,
N.C., April 18, 2024 /PRNewswire/ -- Next
Century Spirits (NCS) has acquired a majority of the Southwest
Spirits & Wine (SSW) brand assets. The acquisition represents a
pivotal step in NCS's vision of expanding its brand portfolio as it
continues down the path of becoming one of industry's top spirits
suppliers.
Through this transaction, NCS will acquire the Nue Vodka brand
which has an approximate annual volume of 220,000 9L cases across
29 states, along with The Other 49 Bourbon, Sixty Men Bourbon,
Calamity Gin, Henderson Whiskey, and George Ocean Rum.
"We are thrilled to expand our portfolio with this collection of
brands, including Nue Vodka," said Anthony
Moniello (Co-CEO of Next Century Spirits). "Our ambition is
to become a trusted, long-term spirits partner with a diverse
portfolio and the recent acquisition of SSW brand assets allows us
to diversify our business and accelerate our timeline." These
brands join NCS's fast growing portfolio that includes Bear Fight
American Single Malt Whiskey, Numbskull Cool Mint & Chocolate
Flavored Whiskey, Creek Water American Whiskey, and the
ready-to-drink Caddy Cocktails.
The largest brand in the transaction, Nue Vodka, has established
itself as a fast-growing, impact brand in the vodka space,
providing consumers with the best of both worlds when it comes to
quality and value. In 2023, Nue Vodka finished as the fastest
growing vodka brand amongst the top 10 mid-tier priced vodkas.* Nue
Vodka also is the Official Premium Vodka of the 2023 World Series
Champion Texas Rangers and is embedded in culture across the
US.
"We're excited to expand the Next Century Spirits portfolio to
meet the demands of consumers," said Rob
Mason (Co-CEO of Next Century Spirits). "Southwest Spirits
portfolio is a fantastic collection of young brands that fits key
consumer trends and gets us into the vodka, gin, and bourbon
categories in a big way."
"These are exciting times for Next Century Spirits as we
continue our journey to build the next multinational spirits
company," said Matthew Bronfman, who
is NCS's Executive Chairman of the Board. "A truly momentous day
for our team." As a member of the esteemed Bronfman family who
owned the famed Seagram Company up until 2000, Matthew Bronfman is deeply knowledgeable about
the spirits industry and aims to grow NCS into a power in the total
beverage alcohol space.
For more information about Next Century Spirits please visit
www.nextcenturyspirits.com or follow them on Instagram
or Facebook.
*Source: Nielsen Total USXAOC + LIQUOR + CONV/Time: Latest 52
Weeks ending 1/27/24; Mid-Tier Pricing $19.99-$21.99
(1.75L)
About Next Century Spirits
Next Century Spirits (NCS), headquartered in Zebulon, North Carolina, is a full-service
distilled spirits and marketing company. NCS specializes in the
creation and processing of distilled spirits for private label,
bulk and NCS-owned brands. Next Century Spirits owned brands have
won numerous industry awards and the company was recognized as the
2021 North Carolina Distillery of the Year. Bear Fight American
Single Malt Whiskey, an NCS-owned brand, is considered one of the
top American Whiskies in the world according to New York
International Spirits Competition (NYISC) and won a Double Gold
& Best in Category Award which was cited in Forbes magazine.
The expression also won Best in Category for a single malt under 12
years old at the World Whiskies Awards. NCS products are available
to ship to customers across the globe.
NCS Brand Group focuses on the marketing and distribution of its
owned brands which include Numbskull, a cool mint chocolate chip
flavored whiskey, Bear Fight American Single Malt Whiskey, Creek
Water American Whiskey, Caddy Clubhouse Cocktails, Numbskull
Flavored Whiskey, and Truthteller 1893 Whiskey.
The transaction involves the acquisition by NCS of the brand
assets of SSW only and not the purchase of Southwest Spirits &
Wine LLC, a Delaware limited
liability company, and SSW will continue as a separate entity from
NCS.
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SOURCE Next Century Spirits