Adventurous Stills get a rebrand after purchase by Utah's Outlaw Distillery
Utah-based Outlaw Distillery now owns Adventurous Stills, one of Arizona's only grain-to-bottle distilleries.
Why it matters: Outlaw Distillery will continue selling Adventurous Stills' longstanding products but under the Outlaw brand.
The big picture: Outlaw Distillery, based in the Salt Lake City area, recently finalized its purchase of Tempe's Adventurous Stills in what Outlaw's owner described as a six-figure deal.
Both distilleries have the same grain-to-glass ethos with an emphasis on local ingredients, and expanding made sense due to the potential synergy between the two operations, Outlaw owner Tyler Halstead told Axios.
Former Adventurous Stills owner Kelly Lattig said his company had been on the market for about a year and that he'd turned down a couple of offers but sold to Outlaw because of its similar philosophy.
State of play: With Arizona's more favorable liquor laws, the Tempe side of the company will be more consumer-facing and distribution-oriented, while the company's Utah operations will become a "production powerhouse," Halstead said.
The Utah distillery has already tripled production capacity in anticipation of the increased demand in Arizona, where it started selling its products this year.
Tempe will also continue to be an "innovation hub" and maintain Adventurous Stills' ethos of small-batch creativity.
Flashback: Halstead toured Adventurous Stills three years ago, and in 2024 he decided it was time to expand.
He entered into an initial agreement with Lattig in October and helped oversee construction last year after a fire temporarily shut down Adventurous Stills.
Zoom in: Adventurous Stills products like Peralta Bourbon and Lost Dutchman rye will continue under the Outlaw name.
Halstead said Peralta is his favorite Adventurous offering and is what originally made him think "there's something special about this place."
Outlaw will continue Adventurous Stills' limited special releases and will experiment more after moving some of its equipment from Utah to Arizona.
Adventurous products will also be available in Utah, though only at Outlaw's distillery, not in Utah's state-run liquor stores.
Between the lines: Some products will have differences depending on the state. Halstead said Outlaw's best-selling product, Honey Bourbon Whiskey, uses an Arizona desert blossom wildflower honey "to get that Arizona character." It will continue to use local honey for the Utah version.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
35 minutes ago
- CNBC
Darden Restaurants beats earnings estimates, as Olive Garden parent predicts growth in 2026
Darden Restaurants on Friday beat Wall Street's earnings and revenue estimates, while the Olive Garden parent predicted solid growth for fiscal year 2026. Shares of Darden rose more than 2% in premarket trading Friday. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Darden reported fiscal fourth-quarter net income of $303.8 million, or $2.58 per share, compared with $308.1 million, or $2.58 per share, a year earlier. Excluding costs related to its Chuy's Tex Mex acquisition, Darden earned $2.98 per share for the fiscal fourth-quarter ended May 25. Net sales rose 10.6% to $3.3 billion, fueled in part by acquiring 103 Chuy's restaurants and 25 net new restaurants. The Orlando, Florida-based company's same-store sales rose 4.6%, beating StreetAccount estimates of 3.5%. For the full fiscal year 2026, Darden gave a forecast for revenue growth of 7% to 8%, including approximately 2% growth related to having an extra week in the year. It expects adjusted earnings to be in a range of $10.50 to $10.70 per share, including 20 cents related to the additional week. Despite signs of consumers pulling back on spending, Darden Restaurants CEO Rick Cardenas said in March during the company's third-quarter earnings call that dining out has remained a category where consumers continue to treat themselves and splurge. "Our strategy remains the right one for the company, and we will continue to execute it to drive growth and long-term shareholder value," he said in a release Friday. Darden's two standout brands, Olive Garden and LongHorn Steakhouse, reported same-store sales growth that beat expectations. Olive Garden, which accounts for roughly 40% of Dardan's quarterly revenue, saw same-store sales rise 6.9%, beating analysts' expectations of 4.6%. LongHorn's same-store sales increased 6.7%, while analysts were anticipating growth of 5.3%. Darden's fine dining segment, which includes Ruth's Chris Steak House and The Capital Grille, reported a same-store sales decline of 3.3%, compared with the 0.2% decline expected. The company's remaining segment, which includes Cheddar's Scratch Kitchen and Yard House, saw same-store sales growth of 1.2%, compared to estimates of 1.1%. In March, Cheddar's Scratch Kitchen became the next Darden brand, after Olive Garden, to pilot on-demand delivery through a partnership with Uber Direct. At that time, Darden said Cheddar's was conducting the pilot in 10 of its restaurants. The company also announced that on Wednesday, its board of directors authorized a $1 billion share repurchase program, which does not have an expiration date and replaces the previously existing share repurchase authorization. Darden Restaurants stock is up about 19% year-to-date.
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
111: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — 111 Inc. (YI) on Thursday reported a loss of $2.4 million in its first quarter. The Shanghai-based company said it had a loss of 20 cents per share. The Operator of a digital and mobile healthcare platform in China posted revenue of $486.3 million in the period. _____
Business Upturn
2 hours ago
- Business Upturn
Transformers and Rectifiers India bags Rs 139.06 crore export order from Jindal Energy Botswana
Transformers and Rectifiers (India) Ltd has secured a major international order worth $16.6 million (approximately ₹139 crore) from Jindal Energy Botswana Pty Ltd. The order includes the manufacturing and supply of 12 different types of transformers, further strengthening the company's export presence in the African market. This export contract marks another significant milestone for the Ahmedabad-based firm, which has steadily built its reputation as one of India's most reliable transformer manufacturers. The scope of work includes the full production and related services for the transformers, with delivery scheduled within the next financial year. The company clarified that the order was received from an entirely unrelated international entity, with no links to its promoters or group companies. It also confirmed that the deal is part of its regular course of business and does not fall under related party transactions. With a strong focus on delivering reliable and efficient power equipment, Transformers and Rectifiers (India) continues to expand its global footprint, catering to growing demand from international power infrastructure players. Ahmedabad Plane Crash Transformers and Rectifiers India Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
