Brown-Forman, the renowned wine and spirits producer, has announced its decision to sell the Jack Daniel Cooperage facility in Alabama. However, the company will maintain its partnership with the facility by utilizing its barrels for production.

Under the agreement, Independent Stave Company will be acquiring the Jack Daniel Cooperage in Trinity, Alabama and will rename it as the Alabama Cooperage. The sale is set to be finalized by May 1st, with Independent Stave continuing to supply barrels to the Jack Daniel Distillery as part of an ongoing strategic relationship.

Tim Nall, Brown-Forman's Chief Global Supply Chain and Technology Officer, expressed his confidence in the deal, stating, "This agreement helps ensure a steady supply of the same high-quality barrels at a competitive price to Brown-Forman and Jack Daniel's."

Furthermore, existing employees at the cooperage will be given the opportunity to join Independent Stave Company. This move demonstrates Brown-Forman's commitment to providing a seamless transition for the workers.

It is important to note that Brown-Forman will still maintain ownership of its cooperage in Louisville, Kentucky. This facility is responsible for producing approximately half of the barrels used across Brown-Forman's portfolio of brands. This decision aligns with previous actions taken by the Louisville-based company, as it has previously sold stave mills in Alabama, Ohio, and Tennessee to Independent Stave.

Pathstone Expands its Reach with Acquisition of Crestone Capital

Eli Lilly: A Potential $1 Trillion Biopharma Stock?

Leave A Reply

Your email address will not be published. Required fields are marked *