Kentucky Today

Braidy Industries Chairman Reveals Stockholders with Kentucky Ties

By MARK MAYNARD, Kentucky Today

ASHLAND, Ky. (KT) – The chairman of Braidy Industries, the aluminum rolling mill coming to northeastern Kentucky, revealed the identities of shareholders with Kentucky connections in an opinion piece Sunday morning on Kentucky Today.

Craig T. Bouchard chastised the Louisville media for “waging an unimportant fight” that amounts to “political fluff” concerning the shareholders’ connections to Gov. Matt Bevin or other state agencies. “This would never be tolerated in the world of private enterprise,” he wrote.

Braidy Industries announced in April a proposed $1.3 billion investment in the plant scheduled to be built in South Shore in Greenup County. He said they chose the area over 20 other potential sites in multiple states for several reasons, including “a treasure trove of highly skilled and dedicated work-ready families waiting to work for us.”

Bouchard said there are eight shareholders of Braidy Industries, with founding employees also participating in a stock incentive program. Commonwealth Seed Capital and Charles Price, a member of the company’s board of directors and an industrialist from Louisville, are the only shareholders in Kentucky. All other Braidy shareholders are in other states or countries, he said.

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