Angostura has been trying to sell all of its U.S. holdings, including Owensboro, Lawrenceburg, and the distillery in Georgia, without success. No activity otherwise.
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07-27-2011, 06:26 #11Bourbonian of the Year 2002 and Guru
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Re: Any progress reports for CMDK(Medley)?
Col. Charles K. "Crotchety" Cowdery
"Whiskey Don't Keep."
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07-27-2011, 14:16 #12Guru
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Re: Any progress reports for CMDK(Medley)?
Let's have a bake sale....
John B
"Drinking when we are not thirsty and making love at all seasons… that is all there is to distinguish us from other animals."
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07-27-2011, 18:06 #13Virtuoso
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Re: Any progress reports for CMDK(Medley)?
I'll read up on the food pairings forum to see what I can make.
Originally Posted by jburlowski
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03-25-2012, 16:20 #14Virtuoso
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Re: Any progress reports for CMDK(Medley)?
Asking price is $7.5 million according to the ADI forums.
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01-04-2013, 17:42 #15Virtuoso
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Re: Any progress reports for CMDK(Medley)?
Giving this a bump since the other thread reminded me and I didn't want to hijack that thread. Anyone know anything about the status in Owensboro?
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01-04-2013, 18:02 #16Bourbonian of the Year 2002 and Guru
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Re: Any progress reports for CMDK(Medley)?
The owners are actively trying to sell it and quite a few folks have kicked the tires. A few deals, I'm told, have been close. Something is clearly scaring folks away, though it could just be an unrealistic asking price. If the price were reasonable, someone would buy it as a maturation facility, rather than building new warehouses. The warehouses are in fair shape and there's space for something like 120,000 barrels.
Col. Charles K. "Crotchety" Cowdery
"Whiskey Don't Keep."
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01-05-2013, 16:05 #17Virtuoso
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Re: Any progress reports for CMDK(Medley)?
Thanks Chuck. It would seem to be a logical site for bottling/distribution as well being close to both an E-W and a N-S interstate.
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01-05-2013, 17:47 #18Connoisseur
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Re: Any progress reports for CMDK(Medley)?
I imagine the price is a big factor and I would imagine asbestos is on site for sure, which would have to be abated. You would probably have to put 5 million in it just to make whiskey. Assuming the beer still and doubler are operational.
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01-06-2013, 21:23 #19Bourbonian of the Year 2002 and Guru
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Re: Any progress reports for CMDK(Medley)?
I've been pretty close to that situation and I don't think there's an asbestos issue, like there is at Stitzel-Weller. I'm not sure of the status of the stills, but I don't think they are operational, and I know they need a boiler. The old bottling hall was fixed up to be the welcome center, so the building is in good shape but there's no bottling equipment. Sazerac, of course, has a huge modern bottlig plant on the other side of town, where Glenmore used to be.
Since anything can be sold if the price is right, the price obviously isn't right for what prospective buyers think it is worth.Col. Charles K. "Crotchety" Cowdery
"Whiskey Don't Keep."
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