Sazerac intends to use the 460,000-square-foot plant for expansion of its processing, blending, packaging and distribution capabilities in a project with an estimated investment of $66 million and the eventual creation of over 100 jobs.
“Sazerac’s purchase of the plant is the final step in breathing life back into an asset which
The former General Mills Pillsbury plant in New Albany, Ind. has been sold to The Sazerac Company, a major distiller. (PRNewsfoto/New Mill Capital Holdings and T)
was vital to the southern Indiana economy during its nearly 60-year operation as a Pillsbury biscuit facility,” said Chad Farrell, Managing Director of Tiger’s Commercial & Industrial division.
Sazerac anticipates starting operations as early as November of this year with a staff of approximately 50 new employees. By the close of 2021, Sazerac estimates the facility could be at full capacity and fully staffed with 110 workers. The company intends to start with two production lines upon opening.
Sazerac has grown significantly over the past several years and has invested heavily in its manufacturing network, including large investments in its three plants in Kentucky. Its Buffalo Trace Distillery in Frankfort is undergoing a $1.2 billion investment over the next ten years, including new mash cookers, bottling lines and barrel warehouses. The company’s Barton 1792 Distillery in Bardstown completed a $15 million distillery and grain drying upgrade in 2017, and The Glenmore Distillery in Owensboro completed a $45 million addition in 2016 with a new state-of-the-art distribution center.
“We are excited to take this final step towards acquiring our new location in New Albany. It will be a great complement to our other manufacturing locations. We are eager to begin construction, start the hiring process, and to get this plant up and running by the end of this year. We look forward to being a part of the community in Southern Indiana,” said Jeff Conder, Sazerac’s vp-manufacturing.