Wild Turkey Distillery Getting $161 Million Expansion Investment
It continues to get wilder and wilder in Bourbon Country…This week, Campari Group announced colossal plans to add a second distillery at its Wild Turkey campus in Lawrenceburg, KY. The company will invest $161 million and create 31 additional jobs in Anderson County.
Campari Group will construct a brand-new distillery at the Wild Turkey campus that will be designed to produce 5 million additional proof gallons of Wild Turkey bourbon annually. This will significantly increase the current capacity from 9 million to 14 million proof gallons. The project is expected to break ground by October 2023 and be completed by the end of July 2025.
The new facility will locate adjacent to the company’s existing distillery. The project also entails an expansion to the waste treatment dry house process to increase processing capacity, doubling the current dry house and waste treatment output. With this investment, Campari Group will also upgrade the current barrel filling operation to handle the increased volumes.
This investment adds to the over $300 million in operation and expansion commitments already financed by Campari Group since the acquisition of the Wild Turkey distillery 14 years ago and comes on the heels of another significant investment announced a few months ago with the $420M acquisition of Wilderness Trail Distillery in Danville (overall $600M evaluation).
Campari Group is a major player in the global spirits industry, with a portfolio of over 50 premium and super premium brands, spreading across global, regional and local priorities. The group was founded in 1860 and today is the sixth-largest company worldwide in the premium spirits industry. Campari Group has a global distribution reach, trading in over 190 nations around the world with leading positions in Europe and the Americas. They are headquartered in Sesto San Giovanni, Italy, with 23 plants worldwide with its own distribution network in 23 countries.
Lear more at www.camparigroup.com
The post Wild Turkey Distillery Getting $161 Million Expansion Investment first appeared on The Bourbon Review.
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