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 comprehensive national sales footprint with an attractive portfolio of brands’. “Luxco presents a unique opportunity to take a material step towards realising our long-term strategy,” said David Colo, president and CEO of MGP Ingredients. “It significantly expands our product line in the higher-value branded-spirits sector and increases our sales and distribution capabilities across all 50 states.