WEST VIRGINIA GREAT BARREL COMPANY FINANCING COMPLETED

The West Virginia Great Barrel Company (WVGBC) announced today that it has completed the final step in the financing of its $34 million Cooperage and Stave Mill project. The Cooperage, located in White Sulphur Springs, will use state-of-the-art technology to manufacture up to 182,000 high quality barrels per year for an ever-expanding whiskey distilling industry. This number is projected to grow to 350,000 with the planned implementation of a second production shift.

The Cooperage, which is expected to begin production in mid- 2019, will employ 60 people. Tom Crabtree, Manager of the WVGBC, said: “I’m very pleased to have completed this step in the development of our exciting project which will add jobs and more robust economic activity in our community and WV. There are obviously many people to thank for their support of this project, from our Governor and US Senators to our local community leaders. The State of West Virginia has truly been a partner in helping bring this project to reality.” Along with this new manufacturing plant, over 16 acres of fully improved land will become available for further development.  Additionally, the WVGBC in conjunction with Rural Development Partners will use $150,000 for an important community development project in WSS in the near future.

Groundbreaking and site preparation is well underway with building construction expected to begin by mid-November. The construction of the Cooperage will provide over 80 jobs during

the 10-month construction schedule, with an additional 30 during equipment installation. The equipment that will be used is also currently being manufactured with expected delivery and installation at the site in early Spring 2019.

In addition to the Cooperage project, the Audrina Mill, an affiliated company of WVGBC, is in the process of adding a new stave mill to its operations. The stave mill operations, located in Monroe County, are expected to begin production in early November and will employ an additional 30 people. The white oak staves will be used by the WVGBC to make barrels.

Based in the Greenbrier Valley of West Virginia, the WVGBC was formed in 2017.  We are committed to creating quality jobs, providing a safe working environment, supporting sustainable forestry practices, and producing high quality barrels for our customers.

Josh Baldwin