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South Carolina Spirits Producer Acquires Local Distillery in $25 Million Deal

announcement terrOWENSBORO, Ky. (5/6/2014) – At a news conference in downtown Owensboro this afternoon, the Greater Owensboro Economic Development Corporation joined with Terresentia Corporation company heads and other invited guests to announce Terressentia’s purchase of Medley Distillery under its TerraPURE Kentucky Distillers branch.

Earl Hewlette, CEO of Terresentia and TerraPURE, credited his son, Daniel Hewlette, with arranging the acquisition that made the purchase possible. Hewlette said he was excited to become a part of the Owensboro community.

"It’s the hospitality… and the passion of the community that endeared us to Owensboro,” Earl Hewlette said as he addressed the crowd at the downtown Hampton Inn and Suites.

After the ceremony, Hewlette told SurfKY News the decision to purchase and renovate a bourbon distillery was driven largely by the company’s inability to purchase enough bourbon to meet demands. He said the company purchased about 300,000 gallons for distribution, but that the demand is closer to two million gallons. That’s an amount the distillery will be able to produce for TerraPURE upon completion of the planned 18-month renovation, though Hewlette noted he thinks the company will still have to purchase bourbon to meet an even greater demand.

While Kentucky bourbon will be the main focus, it’s possible the distillery could produce other spirits later on, such as corn whiskey or rye.

The total remodel is projected to cost as much as $15 million, which is in addition to the purchase price for the facility. Hewlette said the total cost of the investment was estimated at $25 million.

As many as 70 people could be employed there once the distillery is at full production, but “won’t start at that number,” Hewlette said.


Dennis Beard


SurfKY News

Photo courtesy of Owensboro Economic Development Corp.

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