Boulevard’s Cellar Five to Increase Capacity 40%

Dear Client: You may recall that Boulevard announced a major expansion program -- Cellar Five -- about the same time they announced the deal with Duvel over a year ago. We reported earlier this spring [see CBD 04-03-2014 ] that the $12 million project would add significant fermentation tank capacity to their existing 240,000 barrels fermentation capacity. Today the company has crystallized plans and announced it will soon break ground on the project. When complete, the expansion will increase the