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MGP Ingredients to buy Luxco for US$475m

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MGP to buy Luxco for $475m

MGP to buy Luxco for $475m 26th January, 2021 by Nicola Carruthers Third-party spirits producer MGP Ingredients has agreed to acquire American whiskey maker Luxco in a deal valued at US$475 million. Luxco owns a number of Bourbon brands, including Rebel Yell The agreement to purchase Missouri-headquartered Luxco is in line with MGP’s strategy of moving into ‘higher valued-added products’. MGP said Luxco offers an ‘established platform of extensive operational capabilities and a compre...
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