Sunday, December 4, 2022

Bourbon firm declares $600 million funding to develop operations in Laurel County

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FRANKFORT, Ky. (WYMT) – In what’s being referred to as the biggest distilled spirits-related funding on document in Kentucky, a Louisville-based bourbon firm will spend $600 million to develop into Laurel County.

Governor Andy Beshear and officers with Sazerac Co. introduced the transfer on Wednesday.

“It is a vital funding in Kentucky by Sazerac as our signature bourbon trade continues to develop at an unbelievable fee,” Gov. Beshear stated in a information launch. “I’m so glad to see this job creation in Southeastern Kentucky, in addition to the expansion of an organization that has invested a lot within the commonwealth over the previous 25 years. Thanks to the leaders at Sazerac for additional deepening their roots within the Bluegrass State.”

The Sazerac Co. is buying the 198-acre Rowland Acres Industrial Park from the London-Laurel County Financial Growth Authority to assemble practically 20 new barrel storage warehouses in Laurel County, which is able to create as much as 50 full-time jobs.

The mission additionally features a 72,000-square-foot growth of Robinson Stave and Cumberland Cooperage, which Sazerac acquired in 2014, to extend manufacturing capability for barrels used to retailer the corporate’s growing older whiskies.

Work on the mission is predicted to start within the coming weeks, with the primary seven barrel warehouses anticipated to be accomplished within the spring of 2025.

You possibly can learn extra concerning the mission right here.

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