Catoctin Creek Distilling Co., a Virginia-based rye whiskey producer, has repurchased equity shares bought by Constellation Brands nearly seven years ago, according to news reports. With Constellation Brands’ support as a minority shareholder, Catoctin Creek invested in distillery operations to increase production and warehouse capacity, the reports said. In addition, Constellation helped launch the brand internationally and expand its U.S. distribution network.
Both companies said in the news reports that the time was “ideal” for the buyback. Catoctin Creek’s portfolio includes its roundstone rye and recently launched Hot Honey Rye, a whiskey infused with honey and chilies that was the brand’s first product launch in five years.
Catoctin Creek was founded by Scott and Becky Harris in 2009, and Constellation Brands purchased the minority stake in 2017 through its corporate venture capital division Constellation Ventures.