SOLD: MGP Acquires Penelope Bourbon for $100M+ Price Tag
Another day, another 9 figure brand acquisition in the booming Bourbon Industry…MGP Ingredients has announced plans to acquire Penelope Bourbon, a family and founder run NDP (Non Distilling Producer), for $105 million in cash to be paid at closing. The transaction is expected to carry through by June 2023. The acquisition will be for 100% […]
The post SOLD: MGP Acquires Penelope Bourbon for $100M+ Price Tag first appeared on The Bourbon Review.