West Virginia Barrel Company financing for project complete
The West Virginia Great Barrel Company (WVGBC) announced Thursday 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.
“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 West Virginia,” said Tom Crabtree, manager of the WVGBC. “There are obviously many people to thank for their support of this project, from our governor and U.S. senators to our local community leaders. The State of West Virginia has truly been a partner in helping bring this project to reality.”