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Corporate and Financial News

Beam Announces Plans To Enhance Efficiency And Increase Operations In Kentucky

Deerfield, Illinois – January 24, 2013 – Beam Inc. (NYSE: BEAM), a leading global premium spirits company, today announced plans to substantially increase bottling activity in Kentucky and enhance the efficiency of its U.S. bottling operations.  In Q1 2014, the company expects to transition bottling of Pinnacle Vodka and Calico Jack Rum, acquired by Beam in May 2012, from Maine to the company’s recently expanded center of excellence in Frankfort, Ky.  

 

“Consolidating our U.S. bottling operations into our state-of-the-art facility in Kentucky will deliver substantial operational synergies,” said Ian Gourlay, Beam senior vice president of global operations and supply chain.  “Our highly efficient and newly expanded Frankfort facility currently bottles approximately 10 million cases a year and has the capability to absorb the additional – and growing – volume of the three-million-case Pinnacle brand, further enhancing our capacity utilization.”   

 

The transition will be done in stages and is expected to be completed by the end of Q1 2014. As a result, Beam expects to ultimately add approximately 45 new jobs in Kentucky. Beam’s Kentucky operations include distilleries with bottling capability in Clermont, Frankfort and Loretto, as well as a distillery in Boston, Ky.  The company also recently completed a multi-year $30 million investment in the new Jim Beam American Stillhouse visitors’ experience and state-of-the-art global innovation center in Clermont.  Since 2005, Beam has invested $128 million in its manufacturing footprint in Kentucky and added 200 new jobs to the Commonwealth.