MGP Ingredients (MGPI) to Acquire Penelope Bourbon for Up to $216M streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Premium plus American Whiskey brand consistent with MGP’s premiumization strategy focused on gross margin accretive growth brandsATCHISON, Kan., May 08, 2023 MGP Ingredients, Inc. , a. | May 8, 2023
In a move which showcases the continued economic winds of fortune for a good number of American whiskey brands, MGP announced today it is spending over $100 million to acquire Penelope Bourbon.
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