Passing along some news. I’ve got to think MGP’s recent press boom fueled this idea. It gives smaller companies looking to “create” their own whiskey a great opportunity. Here’s the full press release:
Bardstown, KY (December 14, 2015) – The Bardstown Bourbon Company is pleased to announce an innovative Collaborative Whiskey, Bourbon, and Rye Wholesale Distilling Program. Slated to open in Summer 2016, the new distillery will offer wholesale customers the opportunity to create custom, authentic, Kentucky whiskey products and will also provide comprehensive barrel financing. The Program promises to expand the explosive growth of the craft distilling industry by providing craft distillers and brand owners high quality whiskey to strengthen their supply.
Currently, many craft distillers and brand owners obtain their whiskey from large industrial distilleries, are limited in their ability to produce custom products, have no financing options, and are reluctant to promote the location and source of their whiskey. With a production team led by Bourbon Hall of Fame Master Distiller, Steve Nally – a 40-year veteran of the spirits industry and formerly the Master Distiller of Maker’s Mark – the Bardstown Bourbon Company will provide craft distillers and brand owners the opportunity to:
- Work with a team of whiskey experts to create their own authentic and innovative Kentucky whiskey products;
- Benefit from highly competitive wholesale prices;
- Ensure consistent, high quality production that can rapidly scale;
- Control the future source for their product;
- Finance new fill barrel production and aging, and
- Provide a production location and environment that they can celebrate and promote.
“We are very excited to offer a suite of much needed services that we believe will help foster continued innovation and growth in the whiskey industry,” said David Mandell, President & CEO of The Bardstown Bourbon Company.
The Company, in collaboration with Live Oak Bank, the second largest SBA lender in the country, is offering customers comprehensive financing of the purchase price of newly filled barrels with terms of up to 10 years. This is an enormous benefit in an industry that is capital intensive and often without many good banking options.
“This program is a game changer,” said Daniel Linde, Chief Financial Officer of the Company. “As the first company to offer a comprehensive barrel financing program for whiskey, we are helping our customers continue to develop and grow their brands, without tying up all of their capital in production.”
As the domestic and international whiskey and bourbon market continues to expand, The Bardstown Bourbon Company will help its customers meet growing demand. The distillery has an initial 1.5 million proof-gallon capacity with barrel storage on its property for up to 185K barrels. The distillery is also designed to easily expand as production grows.
In addition, The Bardstown Bourbon Company offers a unique environment to showcase customer products. Set on 100 acres of active farmland and adjacent to the Bluegrass Parkway, The Bardstown Bourbon Company and its 37,000 square foot distillery form the gateway to Bardstown, Kentucky, the “Bourbon Capital of the World.”
“This is such an exciting time for bourbon,” explained Steve Nally, Master Distiller of The Bardstown Bourbon Company. “I look forward to working with other distillers and brand owners to make great products. We also look forward to integrating some of these brands into the Bardstown Bourbon Company’s visitor experience, and we will use our facility to highlight and promote their brands.”