Approval for Four Roses $55m distillery expansion

Four Roses could be set to embark on a US$55 million expansion of its distillery and warehouses after plans were approved by Kentucky authorities this week.

As reported by the Courier Journal, the Kentucky Economic Development Finance Authority (KEDFA) has approved up to US$1.15m in tax incentives for a US$55.1m expansion project by the Lawrenceburg-based distillery.

The KEDFA approved up to US$650,000 in incentives for a potential US$34.1m expansion of the group’s distillery – US$11.2 of which will be for construction costs, and US$23m for equipment.

A further US$21m expansion is thought to be planned at Four Roses’s warehousing site in Bullit County to “meet customer demand”, and was given incentives of US$500,000.

The distillery expansion is expected to create an additional 15 jobs, while the KEDFA has stipulated that Four Roses should retain a base employment of 54 full-time employees.

In March this year, Four Roses revealed a separate plant to invest US$8.4m in building a new bottling facility in Bullit County, creating 30 new jobs.

Further details of the recent expansions have not yet been announced, but are expected in the coming week.