Wednesday, 05 07, 2014
Joe Hall 502-564-4886
Company plans to renovate historic facility; use
Ky. (May 7, 2014) – Governor Steve Beshear today announced TerrePURE
Kentucky Distillers Inc. plans to restore and reopen the historic Charles
Medley Distillery in Daviess County.
company will invest $23 million to purchase and refurbish the nearly
130-year-old facility and create 70 full-time jobs.
is another great day for Kentucky’s iconic bourbon industry,” said Gov.
Beshear. “TerrePURE’s investment will not only restore one of the state’s most
historic distilleries, but it will also put more Kentuckians back to work and
create a real, positive impact for the local community.”
plans to renovate and repair buildings on the 28-acre site, as well as install
new equipment. The goal is to have the distillery up and running in the next 18
“From the first time we visited Owensboro this past
December, we have been impressed with the hospitality, progressive thought and
passion of the community,” said TerrePURE CEO Earl Hewlette. “We are now
delighted to play a part, as a corporate citizen, in restoring an historic
distillery and look forward to the production here of ultra-premium Kentucky
is owned by South Carolina-based Terressentia Corp., which creates spirits for
various retailers by expediting the purifying process. TerrePURE uses
ultrasonic energy and oxygenation to enhance the quality of distilled spirits
by reducing impurities, an important benefit for unaged spirits. The company
plans to age some of its bourbon naturally and use its TerrePURE process on some of it.
Charles Medley is
the site of one of the oldest distilleries in Owensboro, having started
operations back in 1885. The facility, on Distillery
Road, shut down stilling operations more than two decades ago.
announcement is exciting for our community for so many reasons,” said Sen. Joe
Bowen, of Owensboro. “TerrePURE is restoring a piece of Daviess County history
while, at the same time, creating jobs and economic development opportunities.
I’m excited to welcome them to our community.”
“I applaud what is a significant announcement for our
community and welcome the new investment in such a historic facility,” said
Rep. Tommy Thompson, of Philpot. “This will build upon the legacy of a
growing and lasting industry that means so much to our region and the
Commonwealth. I’m pleased to see the number of new jobs this will
“I want to thank TerrePURE Kentucky Distillers for deciding
to restore one of our community’s irreplaceable landmarks,” said state Rep. Jim
Glenn, of Owensboro. “The bourbon industry is undergoing phenomenal
growth, so this is the ideal time to invest in places like the Charles Medley
Distillery. I also appreciate the work our local and state economic
development officials have done to make this possible.”
“It is a pleasure to announce TerrePURE will be making a
considerable investment into the Old Medley Distillery, allowing our community
to enjoy several more years of its rich history,” said Daviess County
Judge-Executive Al Mattingly. “The new jobs the company will bring to Owensboro
will enable our families to spend their dollars in our restaurants and stores.
We can't wait to see the new life brought into the facility as the renovations
begin in the near future.”
To encourage the investment and job creation in Daviess
County, the Kentucky Economic Development Finance Authority (KEDFA)
preliminarily approved the company for tax incentives up to $1.2 through the
Kentucky Business Investment program. The performance-based incentive allows a
company to keep a portion of its investment over the term of the agreement
through corporate income tax credits and wage assessments by meeting job and
KEDFA also approved TerrePURE for tax benefits up to
$100,000 through the Kentucky Enterprise Initiative Act, which allows approved
companies to recoup Kentucky sales and use tax on construction costs, building
fixtures, equipment used in research and development and electronic processing
For more information on TerrePURE, visit www.terressentia.com
Bourbon distilling contributes
nearly $2 billion in gross state product each year and has more than doubled
its importance to the state’s overall economic activity in the past 13 years. Kentucky exported $383 million of its distilled
spirits in 2013, a full 21 percent of the U.S. total.
Information on Kentucky’s economic
development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can
also join the discussion on Facebook
or follow on Twitter. Watch
the Cabinet’s “This is My Kentucky” video on YouTube.
detailed community profile for Owensboro (Daviess County) can be viewed here.