It’s a new beginning for Westward Whiskey as the U.S. Bankruptcy Court in Delaware has approved the sale of most of the local craft distiller’s assets to a group of private investors. Longtime CEO Thomas Mooney will remain at the company’s helm.

“Today, we celebrate a new beginning at Westward Whiskey, a bright new future that will allow us to compete and win despite an industry slowdown and broader economic headwinds. Our new, independent ownership structure gives us the freedom and flexibility to lean into the parts of our business that continue to shine,” Mooney said in a press release.

On April 6, Westward Whiskey filed for Chapter 11 bankruptcy protection so that the small business could restructure. It took that step to address liquidity shortfall and route-to-market challenges t

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