Strategic Investment Provides the
Fast-Growing, Largest New Whiskey Distillery in the United States
with Strong Partner for Future Growth
The Bardstown Bourbon Company (BBCo), the largest new whiskey
distillery in the United States, announced today that Constellation
Brands acquired a minority stake in the company. This strategic
opportunity provides BBCo with a strong platform to develop new
brands and create a long-term supply of authentic, Kentucky
whiskey, bourbon, and rye.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161017005807/en/
The Bardstown Bourbon Company started
commercial production in September 2016 and is producing whiskey,
bourbon, and rye for its own brands as well as for its
Collaborative Distilling Program partners. (Photo: Business
Wire)
The Bardstown Bourbon Company recently developed a unique space
in the American whiskey market with a first-of-its-kind
Collaborative Whiskey, Bourbon, and Rye Distilling Program, which
promises to expand the explosive growth of the craft distilling
industry. Led by Bourbon Hall of Fame Master Distiller, Steve Nally
– a 40-year veteran of the spirits industry and the former Master
Distiller of Maker’s Mark – BBCo offers one of the most experienced
whiskey-distilling production teams in the industry, with an
average of 15+ years of experience working on world-class whiskey
brands.
“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.”
BBCo began commercial 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. Set
on 100 acres of active farmland and adjacent to the Bluegrass
Parkway, BBCo’s Napa Valley style destination experience, features
a unique and transparent educational experience, high-end tours and
tastings, integrated visitors center and event space.
“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.
ABOUT CONSTELLATION
BRANDS
Constellation Brands (NYSE: STZ and STZ.B) is a leading
international producer and marketer of beer, wine and spirits with
operations in the U.S., Canada, Mexico, New Zealand and Italy.
Constellation is a Fortune 500® company and one of the top
performing stocks in the S&P 500 Consumer Staples Index.
Constellation is the No. 3 beer company in the U.S. with high-end,
iconic imported brands such as Corona Extra, Corona Light, Modelo
Especial, ModeloNegra and Pacifico. The company’s beer portfolio
also includes Ballast Point, one of the most awarded craft brewers
in the U.S. In addition, Constellation is the world’s leader in
premium wine, selling great brands that people love, including
Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West,
Franciscan Estate, Ruffino and Jackson-Triggs.
The company’s premium spirits brands include SVEDKA Vodka and
Casa Noble Tequila. Based in Victor, N.Y., the company believes
that industry leadership involves a commitment to brand building,
our trade partners, the environment, our investors and to consumers
around the world who choose our products when celebrating big
moments or enjoying quiet ones.
Founded in 1945, Constellation has grown to become a significant
player in the beverage alcohol industry with more than 100 brands
in its portfolio, sales in approximately 100 countries, about 40
facilities and approximately 9,000 talented employees. We express
our company vision: to elevate life with every glass raised. To
learn more, visit www.cbrands.com.
ABOUT THE BARDSTOWN BOURBON
COMPANY
The Bardstown Bourbon Company is a celebration of the art of
making whiskey. No secrets, mythical stories, or fabricated
legends, the Bardstown Bourbon Company celebrates the craft of
making great whiskey and the Bardstown community that brings
bourbon to the world. BBCo started commercial production in
September 2016 and is producing whiskey, bourbon, and rye for its
own brands as well as for its Collaborative Distilling Program
partners.
Located in the “Bourbon Capital of the World,” BBCo’s $25
million destination experience includes a first-of-its-kind Napa
Valley style campus featuring a state-of-the-art whiskey
distillery, unique and transparent educational experience,
integrated visitors center, event space, whiskey library and bar,
and eventually a restaurant and boutique hotel.
The company was founded in 2014 by Peter Loftin, David Mandell,
Daniel Linde, and Garnett Black.
To learn more about The Bardstown Bourbon Company
visit:www.bardstownbourbon.comwww.facebook.com/bardstownbourboncompanywww.twitter.com/btownbourbon
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version on businesswire.com: http://www.businesswire.com/news/home/20161017005807/en/
Ro-Bro Marketing & PRAaron Brost,
312.576.5315aaron@ro-bro.comorRo-Bro Marketing & PRJoseph
Stark, 440.465.3143joe@ro-bro.com
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