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Consolidated sales increased 80.2% from prior year period Operating income increased 144.3%

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

MGP completes $475m Luxco acquisition 6th April, 2021 by Nicola Carruthers Third-party spirits producer MGP Ingredients has completed its acquisition of American whiskey maker Luxco in a deal valued at US$475 million. Luxco owns a number of Bourbon brands, including Rebel Yell MGP said the move was part of the firm’s long-term strategy focused on shifting to products of higher value, and would ‘significantly’ expand the business. Furthermore, the purchase will boost MGP’s gross margin and cash flow. Earnings per share are expected to gradually increase by low to middle single digits...

MGP Just Bought a Kentucky Bourbon Distillery—But It’s Not What You Think MGP, best known for its Lawrenceburg, Indiana distillery, has agreed to acquire whiskey and spirits company Luxco for a whopping $475 million. For years, WhistlePig. The familiar words “Distilled in Indiana” on a bottle’s back label denote MGP as the source, even if it’s not officially publicized by the particular brand. And while MGP has made forays into offering its own-brand whiskeys under the Eight & Sand American whiskey labels, progress has been slow. They’re only available in some states and—des...