Thursday, April 30, 2009

Governor Announces Expansion at Owensboro Sazerac North America

FRANKFORT, Ky. (April 30, 2009) – Gov. Steve Beshear and Sazerac North America today announced the expansion of two Kentucky distilling operations, located in Frankfort and Owensboro. The expansions represent a combined investment of nearly $28 million and will result in approximately 89 new full-time jobs in the Commonwealth.

“I’m delighted Sazerac North America has chosen two Kentucky locations for additional investment and job creation as part of their corporate growth strategy,” said Gov. Beshear.  “Sazerac’s long history and tradition in the distilled spirits industry is a perfect match for Kentucky.  The Commonwealth looks forward to continuing our partnership with Sazerac as they evaluate Kentucky for additional investments.”

Sazerac, which recently purchased a significant portion of Constellation Spirits, Inc., will also add 300,000 square feet to its Owensboro facility at an estimated cost of $10.5 million.  Additionally, the expansion will require the purchase of $8.25 million in new machinery and equipment. Approximately 50 new jobs will result from the project. Current employment at the facility totals 188.

“We are very pleased and grateful for the interest and support demonstrated by Gov. Beshear and the Kentucky Cabinet for Economic Development as Sazerac works to develop and grow its operations in Kentucky,” said Sazerac President and CEO Mark Brown. “This is the first in a series of steps where we are working with the Governor and the Legislature to become more competitive nationally and globally while promoting one of Kentucky’s signature products, bourbon.”

Buffalo Trace Distillery, Inc. in Frankfort and Sazerac North America in Owensboro were approved for tax benefits under the Kentucky Industrial Development Act for up to $3.28 million today by the Kentucky Economic Development Finance Authority (KEDFA). 

“We are pleased a company of Sazerac’s caliber and quality will expand its operations in our community,” said Nick Brake, president and CEO of the Greater Owensboro Economic Development Corporation. “Sazerac’s investment in Owensboro and resulting job growth can only enhance what has been an exceptional industry in the Daviess County area for many years. The project will provide additional opportunity for an excellent workforce in these tough economic times. We look forward to working with Sazerac as it makes this much anticipated transition.”

No comments: