News

US: Beam Inc offloads bottling plant to Sazerac

Most popular

Carlsberg, Marston's are winners, who are losers?

Campari Group Performance Trends 2015-2019 - data

Could bulk beer shipping be a COVID-19 legacy?

e-commerce's watershed moment - former Amazon exec

Low abv + botanical leaning = Perfect mix

MORE

Beam Inc has sold a US bottling plant 18 months after it took over the facility as part of its Pinnacle Vodka purchase.

//i4.aroq.com/1/pinnacle.jpg

Spirits maker Sazerac has bought the Maine plant, however Beam will lease the site until at least the start of next year as it transfers production. Beam is expanding its Frankfort, Kentucky, plant to handle extra production, including the Pinnacle Vodka and Calico Jack Rum currently produced in Maine.

Financial details of the deal were not disclosed. 

Beam started moving production out of the Lewiston, Maine site earlier this year, with reports suggesting up to 160 employees could lose their jobs. Today, however, the pure-play spirits company said the sale to Sazerac will help safeguard jobs at the plant. 

“We told the work force in Lewiston that we would explore different options for the plant, including potentially finding a suitable buyer,” Jim Morehead, Beam's director of manufacturing, said yesterday (16 October). “We couldn’t be more pleased to have Sazerac purchase the plant and to continue operating it as a spirits bottling facility.”

Last year, Sazerac bought a number of brands from the plant's previous owner, White Rock, which ceased trading after selling Pinnacle Vodka and Calico Jack to Beam for US$605m.

Sazerac today said it is looking forward to adding production volume back to the plant. 


Related Content

"Taking pricing on your core trademarks is part of the premiumisation journey" - just-drinks meets B...

The spirits category in 2019 - just-drinks' Review of the Year, Part IV - FREE TO ACCESS

The spirits category in 2019 - just-drinks' Review of the Year, Part IV - FREE TO ACCESS...

Halewood Wines & Spirits to cut jobs, close US office - just-drinks exclusive

Halewood Wines & Spirits to cut jobs, close US office - just-drinks exclusive...

"Our major task, however simple it sounds, is to reach every consumer personally" - Interview, Globa...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?