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Sazerac is investing more than $1 billion in new and existing facilities and expanding production as its premium spirits remain more resilient than other spirits despite declining alcohol consumption.
The owners of Fireball and Buffalo Trace are investing $1 billion in a new barrel aging warehouse in Campbellsville, Kentucky. Sazerac acquired property for the new project in August and sought tax incentives from the state, according to public records and a Sazerac spokesperson. The facility is expected to create at least 50 jobs.
A spokesperson did not provide additional details about the project, but said it was part of the company’s “long-term vision for sustained, strategic growth.”
The same goes for liquor companies. Expanding business in New Albany, Indiana – A suburb of Louisville, Kentucky, one of our headquarters cities. Sazerac is investing $38 million in equipment and capital improvements at its New Albany facility. Bottling plants for some of the top brands.
Construction and installation are expected to begin later this year, according to a press release from One Southern Indiana, the local chamber of commerce. The expansion will create 25 new jobs.
The Indiana investment was made to keep up with demand for Sazerac’s distillation products, CEO Jake Wenz said in a press release. While the overall alcoholic beverage market is showing a downward trend, the distilled beverage market such as American whiskey and tequila is Ready for growthAccording to IWSR data.
Sazerac, a privately held company, recently expanded its portfolio. Acquired earlier this year Weston Son Vodka And I added several things Ready-to-drink brand. Last December, Sazerac announced the acquisition. witness vodka brands This is a product of Corona maker Constellation Brands.
