| 2016-10-17 09:47:37|
STZ 09:47 10/17 10/17/16
Constellation Brands acquires minority stake in Bardstown Bourbon Company
The Bardstown Bourbon Company announced 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. 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. 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.