Visited WT's new distillery yesterday and am reminded of a line our dads or granddads might have said... "They done good." Assuming the whiskey comes out the same as the old facility, a new $100million dollar factory is a nice thing to have. They say it'll double production (a nice share of which goes overseas... who says we don't export?), and it puts them in a good place for the next 75 years, assuming bourbon doesn't tank again.
I'm as much a fan of history as anyone, and hate to admit that the old distillery's fate probably ain't good (I told them to sell pieces to fans like cities sometimes do with old stadiums), but it's better that WT has a parent willing and able to invest than not. Think of it now: WT's snuggly in Camperi's arms, Beam & MM report up to a corp that is focusing solely on spirits, Barton got bought by Sazerac which has consistenly shown its devotion to spirits, HH is opening another new warehouse. Things are bullish for the major players these days aren't they?
BTW, on the tour, someone declared that bourbon's regs had an upper limit on corn at 79%, and that corn whiskey began at 80%. I didn't think bourbon had an upper % limit but didn't want to argue with someone who appeared to know so much. Can't a producer produce bourbon above 79% corn if he wants? Are any current day bourbon mash bills 80%+ corn?