San Diego-based Cutwater Spirits has been acquired by Anheuser-Busch, according to a press release, joining the likes of Budweiser, Bud Light, Michelob ULTRA and Stella Artois, among others. Founded in 2016, Cutwater Spirits was started by founders of Ballast Point and will continue to be led by its senior management team. Terms of the agreement were not disclosed.
“We’re thrilled to have found a partner that understands our vision for Cutwater Spirits and will give us the tools and resources to grow and thrive,” Yuseff Cherney, Cutwater Spirits founder, said via a statement. Cherney, along with Earl Kight will continue on as the company’s top-level executives.
Cutwater Spirits operates out of a 50,000 square foot production facility in Miramar and has seven premium mixers, 14 canned cocktails and 16 types of spirits with a whiskey, vodka, gin or rum base. The company will add its ready-to-drink cocktails to Anheuser-Busch’s “Beyond Beer” portfolio, which includes margaritas, spiked seltzers, rose and a drink dubbed the HiBall.
Travel & Hospitality reporter Mariel Concepcion can be reached at mconcepcion@sdbj.com or 858-634-4625.
