Miramar’s Cutwater Spirits, which opened in May of 2017, will soon be acquired by Anheuser-Busch InBev. The deal will close in March. Financial terms were not disclosed.
The brand began incubating at Ballast Point Brewing in Scripps Ranch in 2008, when head brewer Yuseff Cherney began working on a (relatively) small still inside the company’s Scripps Ranch facility, crafting gin, rum, whiskey, and vodka.
In both 2013 and 2014, Ballast Point Spirits was named California Distillery of the Year at the New York International Spirits Competition, among many other accolades, especially for the company’s Devil’s Share Whiskey.
When Constellation Brands acquired Ballast Point Brewing & Spirits for $1 billion in late 2015, Cherney & co. were able to retain control of certain labels such as Old Grove Gin and Fugu Vodka.
By August of 2016, Ballast Point founder Jack White, president & CEO Jim Buechler, chief commercial office Earl Kight III, and Cherney had all departed Ballast Point with their eyes set on opening Cutwater Spirits’ 50,000 square foot distillery and restaurant just blocks from Ballast Point’s Miramar flagship.
Cherney will stay on as founder/head of distilling, while Kight III will be founder/head of sales.
Currently, Cutwater’s products are available in more than 30 states, fueled in great part by their 12 oz. canned “RTE — ready to enjoy” cocktails: Fugu Vodka Soda line (lime, grapefruit, or cucumber), Fugu Horchata Cold Brew, Tequila Paloma, Tequila Margarita, Black Skimmer Bourbon Whiskey Highball, Black Skimmer Bourbon Whiskey Lemon Tea, Fugu Vodka Mule, Old Grove Gin & Tonic, Fugu Vodka Bloody Mary (mild or spicy), Three Sheets Rum & Ginger, and Three Sheets Rum & Cola.