With the Aristocrat Group Corp. (OTCBB: ASCC) poised to begin distributing the first two in a line of distilled spirit brands, the company announced today that it is also targeting potential partnerships and opportunities in the explosive craft beer market in the U.S.
Craft brewing has enjoyed an incredible run of success in the last five years, growing in production from 8.5 million barrels in 2008 to 13.2 million in 2012. Craft beer’s share of the $99 billion U.S. beer market increased to $10.2 billion last year, up from $8.7 billion in 2011.
In order to capture a share of that growth, ASCC is looking to partner up with established craft brewers looking to maximize their penetration in the U.S. marketplace. The company plans to add top-shelf craft brews to its forthcoming distribution deal in Texas as well as other top markets around the country.
“Texas is at the top of the list in the total number of beer drinkers as well as beer volume consumed annually,” said ASCC CEO Robert Federowicz. “We think the state’s potential for growth in the craft beer segment is nearly unlimited. All we need is the right partner to capitalize on the explosion in interest in smaller brewers.”Craft beer is only one facet of ASCC’s aggressive beverage distribution strategy. The company is working to build a stable of successful brands in order to compete in a highly profitable sector alongside LVMH Moet Hennessy Louis Vuitton (NYSE: LVMUY), Diageo PLC (NYSE: DEO), BEAM Inc. (NYSE: BEAM) and Brown-Forman Corp. (NYSE: BF-B). By handling its own distribution business, ASCC hopes to capitalize on unprecedented new brand building opportunities through its brand management division, Luxuria Brands. About the Aristocrat Group Corp. Through its brand management division, Luxuria Brands, the Aristocrat Group Corp. is on the path to becoming a provider of premier luxury goods, including top-shelf distilled spirits. The company targeted the growing market for quality domestic liquor in order to deliver maximum returns to our shareholders.