Sazerac Company has acquired the former General Mills Pillsbury plant in New Albany, Indiana, for $66 million, aiming to expand its production capabilities and create over 100 jobs in the community.

Target Information

The former General Mills Pillsbury plant, located at 707 Pillsbury Lane in New Albany, Indiana, has been sold to The Sazerac Company, one of the largest family-owned distilling companies in the United States. The facility, which encompasses 460,000 square feet, was closed in 2016. Under Sazerac's ownership, the plant is set to undergo a significant transformation, with an estimated $66 million investment intended to expand its processing, blending, packaging, and distribution capabilities, ultimately resulting in the creation of over 100 jobs.

Industry Overview in Indiana

Indiana's manufacturing sector plays a crucial role in the state's economy, providing a diverse range of job opportunities and contributing significantly to the GDP. With a history of strong industrial presence, the state has been home to a variety of manufacturing companies, notably in food processing and beverages, which have been integral to its economic landscape. The state benefits from a strategic location that provides easy access to major markets, allowing manufacturers to efficiently distribute their products across the Midwest and beyond.

The food and beverage industry, in particular, has shown remarkable resilience and growth in Indiana, driven by consumer demand for local products and the expansion of craft distilleries and breweries. Legislation encouraging the growth of local manu