November 23 – The largest single investment in the county’s history was officially sealed this week — an investment that will create new jobs and is one of the largest corporate investments in the state of Kentucky.
After months of negotiations, the Sazerac Company completed the Rowland Acres Industrial Park with an investment of $600 million. The property would be used for warehouses to store Sazerac brand spirits.
This will create 50 new local jobs. Sazerac plans to expand the Robinson Stave and Cumberland collaboration facility to 72,000 square feet in the near future.
The closing of the transaction will be announced by Gov. Andy Beshear on Wednesday afternoon.
“This is an important investment by Sazerac in Kentucky as our signature bourbon industry continues to grow at an incredible rate,” said Governor Beshear. “I am very excited about the job creation in Southeast Kentucky and the growth of a company that has invested so much in the Commonwealth over the past 25 years. Thank you leaders for deepening your roots in Sazerac in the Bluegrass State. “
Sazerac bought Robinson Stave and East Barnstead Cooperage in 2014 and was renamed Cumberland Cooperage, which produces 1,800 barrels per day exclusively for the Sazerac brands.
Paula Thompson, executive director of the London Laurel County Economic Development Authority, insisted the facility would be used to mature Sazerac’s products and not be a distillery.
“The property will have 20 warehouses to mature the bourbon. It will not be open to the public and there will be no on-site wine production,” he added. “It was the perfect solution for this lot as area residents were concerned about how the development of the lot would affect traffic on (KY) 192.”
Construction of Roland Acres is expected to begin soon with seven warehouses and expand to a full 20 warehouses in the future.
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Sazerac is one of America’s oldest privately held family businesses with offices in Kentucky, Virginia, Tennessee, Indiana, Maine, New Hampshire, South Carolina, Maryland and California. From its base in Louisville, Sazerac operates distilleries across the state. It invested $1.2 million in the Buffalo Trace Distillery in Frankfurt. Bardstown is home to the Barton 1792 Distillery, while Glenmore Distillery is headquartered in Owensboro, Jefferson County.
“We are excited to continue expanding into Laurel Country and appreciate the warm welcome we have received from local government and the Economic Development Agency,” said Mark Brown, President and CEO of Sazerac. “We invested in London-Laurel County because we know the residents are hardworking Kentuckians who take pride in their craft. The construction of our new cask storage facility and the expansion of our cooperage operation support the continued growth of Kentucky’s distinctive bourbon industry.”
The Commonwealth’s Bourbon sector is a nearly $9 billion specialty industry in Kentucky that provides more than 22,500 jobs with more than $1.23 billion in annual payrolls. Since the beginning of the Beshear administration, more than 60 liquor-related announcements have generated more than $1.4 billion in new investment and created more than 1,100 full-time jobs for Kentucky residents.
The location of the whiskey aging warehouse in London has been praised by local politicians.
Laurel County Judge Executive David Westerfield and Mayor of London Troy Rudder both expressed their gratitude for Sazerac’s commitment to the property development and community.
“This multi-million dollar expansion is unforgettable for Laurel County,” said Westerfield. The Sazerac-Cumberland Cooperation of East Barnsted offers some of the best jobs in our county and we are delighted that they are expanding their presence in our community. “
“It’s always exciting when one of our existing businesses expands and continues to invest in our community,” said Troy Rudder, Mayor of London. “Sazerac’s Cumberland Cooperage offers some of the best paying jobs and benefits in the area and we are fortunate that they continue to grow here.”
“As a member of the Senate Committee on Economic Development, Tourism and Labor and a native of London and Laurel County, I am extremely excited about Sazerac’s multi-million dollar investment in our community and citizen Roland Acres Industrial Park with the purchase of Sazerac, will bring tons of jobs to our region for many years to come. London and Laurel County will continue to be visionaries at the forefront of regional economic development and I want to thank everyone who worked so passionately to make this project a success. I’m excited to see the long-term impact this investment will have on our economic community,” said State Senator Brandon J. Storm.
“London and Laurel County continue to create economic opportunity for the Cumberland region,” said Shane Baker. “London and Laurel County continue to create economic opportunity for the Cumberland region. Local leaders are proud of their hard work and determination over the past year on this project to create quality jobs for this county and surrounding communities.” Congratulations on the resolution.” State House of Representatives District 85.
White oak barrels store the bourbon for the Sazerac, which is aged for eight years. Kentucky is known for its bourbon production, which differs from whiskey in that bourbon must contain at least 51% corn in a blend of barley, wheat, or grain.