The Bardstown Bourbon Company has announced that Constellation Brands acquired a minority stake in the company. The company says the strategic opportunity provides Bardstown Bourbon Company with a strong platform to develop new brands and create a long-term supply of authentic, Kentucky whiskey, bourbon, and rye.
“This is an exciting and unique investment for Constellation, and different than the venture activity we’ve explored to date,” said Ben Dollard, senior vice president and chief growth officer, Constellation Brands. “Investing in a state-of-the-art bourbon facility at Bardstown provides us access to knowledge and production capability to support our emerging premium spirits portfolio over time. At the same time, Bardstown will grow with our investment as well as our experience in the beverage alcohol space, our relationships within the industry and our people.”
Bardstown Bourbon Company Master Distiller, Steve Nally (L) and President & CEO, David Mandell
The Bardstown Bourbon Company began production in September 2016 and recently announced that it was already preparing to expand its current 1.5 million proof gallon capacity based on the success of the Collaborative Distilling Program. Over time, capacity will be expanded to 6 million proof gallons within the current design.
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“We are very encouraged to have Constellation as a strategic partner,” said David Mandell, President & CEO of BBCo. “Constellation’s investment and support will further help The Bardstown Bourbon Company reshape the American whiskey market.”
The Bardstown Bourbon Company will continue to operate independently and announced that Peter Loftin, entrepreneur and investor, was named Chairman of the Board of Directors for the Bardstown Bourbon Company.
Constellation Brands was founded in 1945 and has grown to become a significant player in the beverage alcohol industry with more than 100 brands in its portfolio, sales in approximately100 countries, about 40 facilities and approximately 9,000 employees. The company’s premium spirits brands include SVEDKA Vodka and Casa Noble Tequila.
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