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Sazerac to invest $38m in expansion at Indiana site
Yahoo Finance· 2025-10-20 13:48
Core Insights - Sazerac Company plans to invest over $38 million to expand operations at its New Albany, Indiana facility, managed by Northwest Ordinance Distilling [1][2] - The investment includes over $35 million for new equipment and over $2 million for real property improvements [1] - The expansion aims to increase production capacity to meet growing demand for distilled spirits products [2] Investment and Economic Impact - The New Albany city council approved the investment after accepting a local property tax abatement [2] - The project will create 25 new full-time positions and ensure continued employment for the existing 357 team members [2] - Construction and equipment installation are expected to begin later this year [3] Company Commitment and Community Relations - Sazerac's president and CEO emphasized the investment's role in better serving customers and reinforcing commitment to the New Albany community [3] - The company has been operating in New Albany since 2017, bottling a range of spirits for distribution across the US, including Fireball Cinnamon Whisky [4] - The expansion reflects Sazerac's confidence in the community and the region's strength as a global hub for manufacturing and logistics [4] Recent Acquisitions - Earlier this month, Sazerac acquired local craft distiller Western Son Vodka and Distillery, which produces flavored vodkas and gin [5] - The acquisition includes all company assets, production capabilities, and employees [5]
X @Bloomberg
Bloomberg· 2025-10-17 14:35
Craft brewers and distillers could miss getting their new holiday-themed drinks to consumers as the government shutdown puts regulatory approvals on pause https://t.co/CoH2txilFw ...
Heritage Distilling Announces Ticker Symbol Change to “IPST”
Globenewswire· 2025-09-19 12:48
Core Points - The company will change its ticker symbol from "CASK" to "IPST" on September 22, 2025, with no action required from current stockholders [1][2] - The new ticker reflects the company's strategic focus on its $IP token treasury strategy and the $80 trillion intellectual property economy [2][3] - The company aims to provide public market investors exposure to the programmable IP economy through its new treasury reserve vehicle centered on the $IP token [3] Company Strategy - The $IP token treasury strategy is designed to offer a regulated, equity-based path for investors to participate in the growth of the media, brands, and AI training data sectors without directly holding crypto [2][3] - Additional details regarding the company's strategy and the results of its recent Special Meeting of Stockholders will be released on September 22, 2025, before market open [2]
MDWerks' Two Trees Beverage Subsidiary Announces New Collaboration with French Broad Chocolate
Globenewswire· 2025-09-17 20:30
Core Insights - MDWerks, Inc. announced a collaboration between its subsidiary Two Trees Beverage Company and French Broad Chocolate to supply wood chip by-products for creating Whiskey Barrel Dark Chocolate [1][2] - The partnership emphasizes sustainability and innovation, enhancing product quality while reducing waste [2] Company Overview - MDWerks, Inc. is a leader in sustainable technology, focusing on energy wave technologies to help businesses reduce costs and enhance value [3] - Two Trees Beverage Company, a wholly owned subsidiary of MDWerks, specializes in sustainably aged fine spirits and has received multiple industry awards [4] - Another subsidiary, RF Specialties, LLC, implements automated radio frequency technology systems to address industry challenges sustainably [5]
MDWerks’ Two Trees Beverage Subsidiary Launches Uplifting Spirits, a New Product Line Focused on Supporting Community and Charitable Causes
Globenewswire· 2025-05-12 12:30
Core Insights - MDWerks, Inc. has launched a new product line called Uplifting Spirits, debuting with a limited-edition bourbon whiskey named Land of the Sky, aimed at supporting Hurricane Helene relief efforts [1][3] - A portion of the profits from the sales of Land of the Sky will be donated to aid the recovery from Hurricane Helene, which caused significant damage in Western North Carolina [2][3] Company Overview - MDWerks, Inc. is a forward-thinking company focused on sustainable technology and energy wave technologies, committed to innovative solutions that reduce costs for businesses [4] - Two Trees Beverage Company, a subsidiary of MDWerks, is based in the Appalachian region and specializes in creating fine spirits, having received multiple industry awards [5] Product Details - Land of the Sky bourbon whiskey is crafted from a mash bill of corn, wheat, and malted barley, and is finished with white oak from a tree that fell during Hurricane Helene [2] - The product aims to encapsulate the spirit of the local community and provide resources to those in need through its sales [3]