Virginia Governor Ralph Northam announced Friday that Speyside Bourbon Cooperage, Inc. will invest $26 million to establish a bourbon barrel cooperage in Smyth County and $9 million in a new stave mill facility in Washington County.
The stave mill in Washington County will supply the company’s new Smyth County cooperage, and the two operations will start simultaneously.
Governor Northam said the company’s new operations “will be a significant economic boost to the region, and we look forward to working with our state partners to facilitate the company’s success in the Commonwealth.”
Speyside Bourbon Cooperage, Inc. operates stave mills and bourbon cooperages in Kentucky, Ohio, and Bath County, Virginia.
General Manager of Speyside Bourbon Cooperage, Inc., Darren Whitmer, said the company wanted their new operations to be in Virginia because of the many resources the state has to offer.