|Beam's Frankfort, KY, complex|
The seven-story aging facility covers more than 275,000 square feet, making it the largest of its kind for Beam in Kentucky, and the first opened by the company since 1968.
Beam now has 122 rackhouses. At full capacity, the new rackhouse has room for more than 59,000 barrels, 17% more than its next-largest warehouse. It is the largest rackhouse that can be built under Kentucky state law.
The warehouse is part of a planned $1 billion-plus investment by Beam to to make bourbon in Kentucky over the next five years, including grains, barrels, payroll and capital expenditures, the company said.
“The need for this incredible new rackhouse really underscores the global thirst for bourbon,” said David Hunter, chief supply chain officer for Beam Suntory, in a prepared statement. “I’m so proud of the team here in Frankfort, and all of our operations in Kentucky, who have been working so hard to keep up with the pace of demand for bourbon around the world.”