Castle Brands Inc. said it purchased an additional 5% of Copperhead Distillery Co., which owns and operates the Kentucky Artisan Distillery.
Kentucky Artisan Distillery currently has three warehouses storing Jefferson’s bourbons, provides distilling using special mash-bills made from locally grown grains for Jefferson’s brands and houses the Jefferson’s Visitor Center and store, showcasing the Jefferson’s brand. The additional investment brings Castle Brands ownership of Copperhead to 25%.
“Our additional investment makes us the second largest shareholder in Kentucky Artisan Distillery and demonstrates our continued commitment to our Jefferson’s brand,” John Glover, Castle Brands Executive Vice President/Chief Operating Officer, said.
“Partnering with Kentucky Artisan Distillery has provided a home for Jefferson’s bourbon and allowed us the ability to develop, innovate and expand our Jefferson’s offerings. With Kentucky Artisan Distillery’s expanded warehousing and distilling capabilities, we expect the partnership to continue to grow and develop with the Jefferson’s brand.”