New Center Will Bring More Jobs to the Commonwealth
Frankfort, Kentucky – January 30, 2014 – Beam Inc. (NYSE: BEAM), a leading global premium spirits company, today announced that its new state-of-the-art distribution center will be located on a 92-acre site in Franklin County at 1509 US Highway 421 (Leestown Road). Spanning 600,000 square feet upon completion, equivalent to 13 football fields, this facility will be the largest of its kind in Franklin County.
“Beam is a company that’s on the move, continuously creating opportunities for the Commonwealth,” said Governor Steve Beshear. “As Beam continues to grow for the future, the people of Kentucky benefit by the creation of more jobs and opportunities for years to come.”
“With two-thirds of Beam’s total spirits case volume being produced in Kentucky, having our new Beam long-term distribution facility in close proximity to our production will help us gain increased efficiencies in our supply chain,” said David Hunter, vice president of global manufacturing for Beam. “We are excited to be the catalyst for more growth in Kentucky.”
Construction is expected to commence in late February and be completed by year-end. The new center, which will be operated by a third-party logistics provider to be named at a later date, is slated to open in the first quarter of 2015 and employ an estimated 60 individuals. It will exclusively serve Beam’s broad portfolio of distilled spirits brands and will warehouse Beam’s finished case goods bottled in Frankfort before they are shipped to distributor partners for sale in the U.S. and international markets.
“The Bourbon industry is a key driver of our economy in the Commonwealth, and Beam is certainly on the forefront of that growth,” said Congressman Andy Barr. “The construction of this new distribution facility means the creation of more jobs for central and eastern Kentuckians, and I thank Beam for their contribution to our signature Bourbon industry and the people of our Commonwealth.”
“Beam is such a strong business partner and contributor to our community, and we couldn’t be more pleased that they have chosen to further expand in Franklin County,” said County Judge Executive Ted Collins.
H&M Construction Co., Inc. has been hired as the contractor to design the building, develop the site and build the facility from the ground-up.
This announcement is the latest in Beam’s long history of business investments in the Commonwealth. Last year, Beam opened its new Global Business Services Center, reflecting a $2.7 million investment that has brought more than 30 professional jobs to Louisville. In late 2012, Beam opened the Jim Beam American Stillhouse visitors’ experience and Global Innovation Center, a combined multi-year investment of $30 million, in Clermont, Ky. Beam currently employs more than 900 people throughout the Commonwealth in Louisville, its Global Innovation Center in Clermont and at its manufacturing plants in Loretto, Frankfort, Clermont and Boston.
About Beam Inc.
As one of the world’s leading premium spirits companies, Beam is Crafting the Spirits that Stir the World. Consumers from all corners of the globe call for the company’s brands, including Jim Beam Bourbon, Maker's Mark Bourbon, Sauza Tequila, Pinnacle Vodka, Canadian Club Whisky, Courvoisier Cognac, Teacher's Scotch Whisky, Skinnygirl Cocktails, Cruzan Rum, Hornitos Tequila, Knob Creek Bourbon, Laphroaig Scotch Whisky, Kilbeggan Irish Whiskey, Larios Gin, Whisky DYC and DeKuyper Cordials. Beam is focused on delivering superior performance with its unique combination of scale with agility and a strategy of Creating Famous Brands, Building Winning Markets and Fueling Our Growth. Beam and its 3,400 passionate associates worldwide generated 2012 sales of $2.5 billion (excluding excise taxes), volume of 38 million 9-liter equivalent cases and some of the industry’s fastest growing innovations.
Headquartered in Deerfield, Illinois, Beam is traded on the New York Stock Exchange under the ticker symbol BEAM and is included in the S&P 500 Index and the MSCI World Index. For more information on Beam, its brands, and its commitment to social responsibility, please visit www.beamglobal.com and www.drinksmart.com.