Sazerac Is Investing $1 Billion Into New Whiskey Expansion

The news in the whiskey industry has not been very good as of late—there have been layoffs, distilleries are pausing production, and overall sales figures have dropped as people are drinking less, spending less, and tariffs have wreaked havoc upon the market. Despite all that, Buffalo Trace’s parent company, Sazerac, just announced a major expansion to the tune of $1 billion this week, which seems to be going against every other indicator.

Of course, the whiskey industry is…