Lawrenceburg bottling plant sold, saved from closure

Pernod Ricard USA has agreed to sell its Lawrenceburg distillery and bottling plant to CL Financial Group for an undisclosed amount. Early last year, Pernod said the 150-year-old distillery would close in phases over two years to cut unneeded capacity, putting about 400 workers out of jobs.

The sale to CL Financial Group is expected to close by mid-2007.