A distillery in Owensboro will once again produce Kentucky’s signature spirit.
Officials with TerrePURE Kentucky Distillers announced Tuesday afternoon that they are purchasing the Charles Medley Distillery and will create bourbon and other lines of spirits.
The project is expected to create as many as 70 new jobs at the distillery, which sits on 28 acres of land in Daviess County. TerrePURE will invest $23 million to purchase and refurbish the distillery.
The company plans to renovate and repair buildings at the site, and install new equipment. TerrePURE says its goal is to have the distillery operational in 18 months.
The President of the Greater Owensboro Economic Development Corporation, Madison Silvert, says a 2012 economic impact study shows the distilling business has a far-reaching impact on jobs in the Bluegrass State.
“The job multiplier for distilling was 3.19, so that means that for every new distilling job, 2.9 new jobs are created somewhere in the commonwealth," Silvert told WKU Public Radio. "That is the third largest job multiplier of all industries in the state of Kentucky, behind light truck manufacturing and automobiles.”
According to the Kentucky Cabinet for Economic Development, the state exported $383 million of its distilled spirits in 2013. That accounts for 21 percent of the U.S. total in that area.
Silvert added that it will mean a lot to the Owensboro area community to have the Medley Distillery up and running again.
“We haven’t distilled anything out of the Charles Medley Distillery in about 20 years, or so. Getting back into that side of the business, I think, is incredibly important. It’s really important to the economy of Kentucky. Kentucky produces about 95 percent of all the bourbon in the world.”
The Medley Distillery was first established in 1885.