Operator
Good morning, and welcome to the MGP Ingredients Fourth Quarter and Full Year 2020 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Mike Houston, Investor Relations. Please go ahead.
Mike Houston
Investor Relations
Thanks, Gary. Good morning, everyone. I m Mike Houston with Lambert and Company, MGP s Investor Relations firm. And joining me today are members of their management team, including Dave Colo, President and Chief Executive Officer; and Brandon Gall, Vice President of Finance and Chief Financial Officer. We will begin the call with management s prepared remarks and then open the call up to questions. However, before we begin, it is my responsibility to inform you that this call may involve certain forward-looking statements such as projections of sales, operating income, gross margin and effective tax rate as well as statements on the plans and objectives of t
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 despite reflecting the high quality turned out by the distillery (Remus Repeal Reserve