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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 uniq...

Distilled spirits and specialty wheat proteins and starches supplier MGP Ingredients Inc. has entered into a definitive agreement to purchase branded beverage alcohol firm Luxco Inc., the company announced in a release Monday. The deal will allow MGP to grow its market position in the branded spirits space. “Luxco presents a unique opportunity to take a material step towards realizing our long-term strategy. It significantly expands our product line in the higher-value branded-spirits sector and increases our sales and distribution capabilities across all 50 states,” MGP’s president and...

MGP Acquires Luxco, Owners Of Brands Such As Ezra Brooks, Yellowstone Bourbon MGP Acquires Luxco, Owners Of Brands Such As Ezra Brooks, Yellowstone Bourbon MGP, an industrial level distillery out of Indiana known for being the whiskey source behind many popular American whiskey labels, has in its own in house stable a number of well regarded brands such as George Remus, Rossville Union and Remus Repeal Reserve. It has now added to these in a big way, acquiring branded beverage alcohol company Luxco. The acquisition of Luxco by MGP, according to those behind it, will bring into the whiskey hal...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. MGP Ingredients, Inc. Announces Definitive Merger Agreement with Luxco MGP Ingredients, Inc.January 25, 2021 GMT Consistent with MGP’s strategy of shifting into higher value-added products Luxco represents a unique and attractive national spirits platform Materially increases MGP’s scale in the branded-spirits sector and establishes an additional platform for future growth Financially attractive and significantly diversifies the MGP business ATCHISON, Kan., Jan. 25, 2021 (GLOBE NEWSWIRE) -- MGP�...