Pennington Stave and Cooperage to invest $34.4 million in Kentucky
Pennington Stave and Cooperage selected a 38-acre site in the Edmonton-Metcalfe Industrial Park for the production of staves and barrels in service of the growing spirits and wine industries.
The site includes a 30,000-square-foot spec building that will be finished and outfitted with equipment and technology to accommodate stave and heading production, timber seasoning and an on-site kiln for wood drying.
The Edmonton-Metcalfe County Industrial Authority also will construct a new 80,000-square-foot facility for lease by the company.
The structure will operate as a cooperage for barrel assembly, charring and toasting to client specifications.
Company leaders plan to use American white oak secured primarily from local logging companies and other regional sources.
Pennington Stave and Cooperage aims to fill a growing need in the bourbon and American whiskey market.
Annually, the industry requires production of more than 1.8 million barrels, and a lack of suppliers poses potential challenges in the future.
The company also plans to implement state-of-the-art production methods and technology developed by Bohnert Equipment Co.
and other entities to ensure a greater supply of high-quality barrels in place of more labor-intensive traditional methods. ■