According to a recent statement, Bardstown will “continue to operate independently,” while giving Constellation Brands access to Bardstown’s state-of-the-art facilities. Here’s what Constellation’s people have to say about it:
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“This is an exciting and unique investment for Constellation, and different than the venture activity we’ve explored to date,” said Ben Dollard, senior vice president and chief growth officer, Constellation Brands. “Investing in a state-of-the-art bourbon facility at Bardstown provides us access to knowledge and production capability to support our emerging premium spirits portfolio over time. At the same time, Bardstown will grow with our investment as well as our experience in the beverage alcohol space, our relationships within the industry and our people.”
“We are very encouraged to have Constellation as a strategic partner,” said David Mandell, president and chief executive officer of Bardstown Bourbon Company. “Constellation’s investment and support will further help The Bardstown Bourbon Company reshape the American whiskey market.”
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Constellation Brands is a beer, wine, and spirit conglomerate that owns Corona beer, Svedka Vodka, Casa Noble Tequila, and Robert Mondavi wines, among other prominent brands. They currently seem to be focusing heavily on acquisitions: last year, they acquired craft brewery Ballast Point for a reported price of $1 billion.
