Author name: Patrick "Pops" Garrett

MGP Ingredients to Acquire Penelope Bourbon

The upfront consideration is $105.0 million in cash to be paid at closing, with further potential earn-out contingent consideration of up to a maximum cash payout of $110.8 million measured through December 31, 2025 if certain performance conditions are met.

Heaven’s Door to Open Distillery in Kentucky

Heaven’s Door Spirits, the celebrated whiskey brand founded by Bob Dylan, announced today its plans to open a new distillery in Pleasureville, Kentucky. Located on over 160 acres of rolling hills astride Six Mile Creek, the picturesque property was once owned by Squire Boone.

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