FRANKFORT, Ky. (April 5, 2018) – Gov. Matt Bevin today announced barrel manufacturer Independent Stave Co. will create 220 jobs for Kentuckians with a new $66.5 million cooperage in Morehead.
“Independent Stave is a strong corporate partner to Kentucky with multiple locations across the commonwealth. This new investment, which will create 220 jobs in Eastern Kentucky, is the latest sign that ISC has truly made itself at home in our state,” Gov. Bevin said. “The bourbon industry plays a significant role in our economy, and that extends to cooperages and other sectors. We are grateful to the company for its continued commitment to Kentucky and are excited about its prospects for continued growth in the future.”
ISC plans to buy land in Rowan County for its cooperage and purchase new machinery and equipment to outfit the barrel-making plant. Strong demand in the bourbon and whiskey industry prompted the new project. Building in Morehead will create production flexibility and logistical advantages. ISC opened a stave mill in Morehead in September 2015, which will supply the new cooperage. Company leaders plan to start the cooperage’s construction in early 2019 and open by July 2021.