Brown-Forman Makes Commitment to Barrel Making with Investment
2017年9月15日 - 4:07AM
ビジネスワイヤ(英語)
Modernization of Facility Requires Reduced
Workforce in 2019
Brown-Forman Corporation (NYSE:BFA) (NYSE:BFB) announced
today that it will invest $45 million in the Brown-Forman Cooperage
in Louisville, Kentucky. The investment will modernize the
Cooperage, reduce operating cost by improving efficiency, and allow
the continued production of high quality barrels in Louisville.
The new equipment will be focused in the Heading and Staving
departments and necessitate the elimination of 70 hourly positions
once fully implemented in early 2019. The Cooperage will continue
to employ approximately 205 individuals. All impacted employees,
determined by the current UAW contract, will be offered a variety
of transitional assistance.
“As the only distilling company to craft its own barrels, making
this investment will help ensure the long-term viability of our
Cooperage in Louisville, reduce injuries, and preserve our unique
competitive advantage of barrel-making,” said Alex Alvarez, chief
production officer, Brown-Forman. “While the improvements will
result in the loss of some hourly positions, we believe this will
strengthen the long-term viability of the Cooperage in
Louisville.”
Brown-Forman began bottling bourbon nearly 150 years ago and
recognized the important role of the barrel and the impact wood has
on bourbon. Based on this vision, Brown-Forman established its own
cooperage in 1945, resulting in more than 70 years of raising
barrels and honing the craft of using wood to impart unique flavour
characteristics to bourbon.
“We believe that barrels are more than a container for our
whiskey, they’re an important ingredient,” said Alvarez. “We’re
proud to continue making these barrels at the Brown-Forman
Cooperage.”
The Cooperage will remain open during the construction phase
with an expected completion date of early 2019.
Brown-Forman Cooperage crafts more than 2,500 barrels per day
for the aging of spirits such as Jack Daniel’s, Woodford Reserve,
Old Forester, Early Times, Canadian Mist, el Jimador, and
Herradura. It is located on MacLean Avenue in Louisville, Kentucky.
Brown-Forman also has a cooperage in Decatur, Alabama, where it
makes barrels for Jack Daniel’s Tennessee Whiskey.
For nearly 150 years, Brown-Forman Corporation has enriched the
experience of life by responsibly building fine quality beverage
alcohol brands, including Jack Daniel’s Tennessee Whiskey, Jack
Daniel’s & Cola, Jack Daniel’s Tennessee Honey, Jack Daniel’s
Tennessee Fire, Gentleman Jack, Jack Daniel’s Single Barrel,
Finlandia, Korbel, el Jimador, Woodford Reserve, Old Forester,
Canadian Mist, Herradura, New Mix, Sonoma-Cutrer, Early Times,
Chambord, BenRiach, GlenDronach and Slane. Brown-Forman’s brands
are supported by over 4,700 employees and sold in more than 165
countries worldwide. For more information about the company, please
visit http://www.brown-forman.com/.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170914006304/en/
Brown-Forman CorporationPhil Lynch, 502-774-7928Vice
PresidentDirector Corporate Communicationsand Public RelationsorJay
Koval, 502-774-6903Vice PresidentDirector Investor Relations
Brown Forman (NYSE:BFB)
過去 株価チャート
から 6 2024 まで 7 2024
Brown Forman (NYSE:BFB)
過去 株価チャート
から 7 2023 まで 7 2024