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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 CEO, David Colo, said in a statement. “We have enormous respect for the platform Luxco has built, and we’re excited to add its portfolio of fast-growing premium distilled spirits brands with strong, cash-flow generating legacy brands.” ....
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 halls of the latter the likes of Ezra Brooks Bourbon Whiskey, Daviess County Straight Bourbon Whiskey, and Yellowstone Bourbon Whiskey, among others. ....