Thu February 27, 2014
Maker's Mark Announces $67 Million Expansion
Maker’s Mark is announcing plans for a $67 million expansion of its distillery in Loretto, Ky.
The bourbon maker says it will expand operations with an exact replica of its two existing stills, boosting production by 50 percent.
Construction of a new still is expected to take about 18 months to complete. Maker’s Mark will also build a series of warehouses over the next seven years for aging the increased volume of bourbon.
The expansion is a result of soaring demand for Maker’s Mark and other bourbons, most of which are made in Kentucky. Maker’s Mark tried to boost supplies last year by lowering the alcohol content of its bourbon, but abandoned the plan following customer criticism.
Multi-million dollar expansion projects have been completed at the Wild Turkey, Jim Beam and other distilleries in recent years.