Tonkon Torp Leads Sale of Pendleton Whisky Brands for Hood River Distillers
Tonkon Torp concluded the $205 million sale of the Pendleton Whisky brands by its client Hood River Distillers, Inc. (HRD) to Proximo Spirits, whose international portfolio of spirits includes Jose Cuervo tequila. HRD was Oregon’s first distillery, and one of Tonkon’s original clients. The firm’s founder Moe Tonkon was the first attorney for the fledgling spirits producer. Founding partner Morrie Galen then served as the lead attorney for the company for decades, and upon his retirement, partner Jeff Cronn carried the relationship forward. The sale of the Pendleton Whisky brands to Mexico-based Becle (the parent company of U.S. subsidiary Proximo Spirits and owner of Jose Cuervo Tequila) was honored with the Mexico Deal of the Year award at the 2018 M&A Atlas Awards ceremony.