Brown-Forman sells cooperage in Alabama to ISCO

Brown-Forman announced the sale of its cooperage in Trinity, Alabama, to Independent Stave Company, or ISCO. The cooperage will continue to make barrels for the Jack Daniel Distillery as part of a strategic relationship between the companies. ISCO will rename the cooperage from the Jack Daniel Cooperage to the Alabama Cooperage upon closing, expected by May 1. Previously, Brown-Forman sold stave mills in Alabama, Ohio, and Tennessee, to ISCO. Like these prior transitions, current cooperage employees will be offered employment by Independent Stave Company. Brown-Forman will maintain ownership and operation of the long-standing Brown-Forman Cooperage in Louisville, Kentucky. The cooperage produces approximately half of the barrels for the Brown-Forman portfolio of brands and enables ongoing barrel research, development, and innovation for brands and new expressions.