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MGP Ingredients Set to Acquire Luxco This Year

By February 26, 2021Top News

MGP Ingredients will acquire St. Louis-based spirits producer and marketer Luxco for $475 million, comprised of equal parts cash and stock. The transaction it set to be completed during the first half of 2021, subject to regulatory approvals and customary closing conditions. Luxco’s brand stable includes Ezra Brooks Bourbon Whiskey, Daviess County Straight Bourbon Whiskey, Yellowstone Bourbon Whiskey, El Mayor Tequila and Everclear. Luxco shareholders will receive aggregate cash consideration of $238 million and 5 million shares of MGP common stock, valued at approximately $238 million. Luxco Chairman and CEO Donn Lux will join MGP’s Board of Directors.

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