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Bardstown Bourbon Co to buy Green River Spirits
Kentucky-based Bardstown Bourbon Co has agreed to acquire Green River Spirits Company for an undisclosed sum.
Bardstown Bourbon Co said the deal to buy the fellow Kentucky distiller is expected to close in July, subject to certain conditions.
According to the firm, the move will combine ‘two leading Kentucky Bourbon producers into a strong, independent spirits company with a commitment to Kentucky whiskey’.
Mark Erwin, CEO of Bardstown Bourbon Company, said: “We’re excited to forge this new partnership, which brings together two world-class teams and expands the breadth of our portfolio and the number of customers served.”
Bardstown Bourbon Co distils more than seven million gallons every year, making it one of the top 10 US whiskey distillers by volume and the largest custom distiller in the States, according to the company.
The acquisition will see the Green River brand added to Bardstown Bourbon’s portfolio, as well as the Green River Distilling Co site in Owensboro, Kentucky, and a spirits production facility in Charleston, South Carolina.
The Owensboro facility is said to be the 10th oldest distillery in Kentucky. It was formerly known as Oz Tyler Distillery but it returned to its original name in September 2020 to celebrate the site’s heritage.
Erwin added: “Bardstown Bourbon Company was founded to honour the traditions and history of Kentucky Bourbon while taking a wholly modern approach. The addition of one of the oldest distilleries in Kentucky allows us to offer a comprehensive assortment that showcases the state’s flagship industry.”
In February, Green River Distilling Co unveiled its flagship expression, the first Bourbon to be released under the Green River name in more than 100 years.
In addition to its core Bourbon, the company also has a contract distillation business producing whiskey, rye, vodka, rum, gin, and flavoured whiskey.
The transaction comes four months after Bardstown Bourbon Co was acquired by private equity firm Pritzker Private Capital in March 2021.
The equity firm said the deal would help accelerate Bardstown Bourbon Co’s growth by increasing production capacity and enhancing the firm’s market presence in the premium spirits sector.
A month later the Bourbon producer revealed a US$28.7 million expansion to boost distilling capacity by 50% by 2024.