Category: Penelope Bourbon

Penelope Bourbon releases Rosé Cask Finish

The bourbon features an aroma of candied fruit and cream with floral and herbal notes; forward notes of refreshing and sweet hints of vanilla; a body that transitions from sweetness to herbal, floral and strawberry cream; and a rich, vanilla finish with hints of strawberry and lingering notes.

Anticipated annual release of signature straight bourbon whiskey finished in French rosé wine casks available now

Penelope Bourbon releases Rosé Cask Finish

Penelope Bourbon introduces a new way to rosé all day, just in time for summer, with Penelope Rosé Cask Finish (Batch 8) available now in a limited allocation at a suggested retail price of $49.99 per 750mL bottle.

Rosé Cask Finish marries Penelope’s signature Four Grain straight bourbon whiskey with rosé wine casks from one of the finest winemaking regions of France. The bourbon is finished in hand-selected Grenache rosé wine casks from the Southern Rhône region to deliver a truly unique flavor.

“Rosé Cask Finish was our first-ever release in our Cooper Series and has always been well received by consumers,” said Michael Paladini, founder of Penelope Bourbon. “Batch 8 offers a wonderful combination of sweet and delicate flavor, perfect for the summer, at a new shelf price of $49.99. This highly anticipated release offers something truly special for bourbon and wine enthusiasts alike.”

The bourbon features an aroma of candied fruit and cream with floral and herbal notes; forward notes of refreshing and sweet hints of vanilla; a body that transitions from sweetness to herbal, floral and strawberry cream; and a rich, vanilla finish with hints of strawberry and lingering notes. Rosé Cask Finish is bottled at 94 proof with a mash bill of 74% corn, 16% wheat, 7% rye and 3% malted barley.

“Finishing our signature Four Grain bourbon in hand-selected rosé casks from Southern France creates a distinctive flavor alliance,” said Daniel Polise, founder and master blender of Penelope Bourbon. “I think consumers will appreciate the elegant and memorable look and taste of Rosé Cask Finish.”

Rosé Cask Finish is one of four offerings in the award-winning Cooper Series, which takes Penelope’s straight whiskeys on a world tour. Other releases in the series include Rio, Tokaji Cask Finish and Valencia. A product locator for the Penelope family of bourbons can be found here.

Penelope Raspberry Bourbon Lemonade to Sip Rain or Shine

Spring is in full bloom, and what better way to celebrate than with a refreshing concoction that perfectly encapsulates the spirit of the season? Penelope Raspberry Bourbon Lemonade is a delightful blend of tangy lemon, sweet raspberry, and the warmth of bourbon. Pair with a bourbon pop tart for the perfect brunch starter or with […]

The post Penelope Raspberry Bourbon Lemonade to Sip Rain or Shine first appeared on The Bourbon Review.

Spring is in full bloom, and what better way to celebrate than with a refreshing concoction that perfectly encapsulates the spirit of the season? Penelope Raspberry Bourbon Lemonade is a delightful blend of tangy lemon, sweet raspberry, and the warmth of bourbon. Pair with a bourbon pop tart for the perfect brunch starter or with a savory appetizer for all those graduation parties.

INGREDIENTS

  1. In a cocktail shaker, muddle the fresh raspberries until they release their juices.
  2. Add ice cubes to the shaker, followed by Penelope Bourbon, fresh lemon juice, and raspberry syrup*.
  3. Shake vigorously until well-chilled.
  4. Strain the mixture into a glass filled with ice.
  5. Garnish with a lemon slice and a sprig of fresh mint for an added touch of elegance.
  6. Sip, savor, and enjoy the delightful taste of spring.

*RASPBERRY SYRUP:

  • 6 ounces fresh raspberries
  • ¾ cup granulated sugar
  • 1 cup simple syrup 

TIPS: 

  • Syrup and lemonade can be prepared in advance. 
  • For an alternate presentation. LAYER lemonades using a bar spoon. Start with Syrup, followed by lemonade then bourbon. Stir to combine prior to drinking. 

Whether you’re hosting a backyard barbecue, lounging by the pool, or simply unwinding after a long day, Penelope Raspberry Bourbon Lemonade is the perfect companion for all your springtime festivities. Its vibrant flavors and sophisticated profile are sure to leave a lasting impression on all who indulge.

The post Penelope Raspberry Bourbon Lemonade to Sip Rain or Shine first appeared on The Bourbon Review.

Penelope Announces 2024 Edition of ‘Rio’ – Finished in American Honey and Amburana

Looking for a carnival in a bottle? Penelope Rio is set to deliver. Arriving on shelf in March, Penelope Rio will be available at a suggested retail price of $89.99 per 750-ml bottle. This year’s installment will have a limited allocation of 5,000 (6-i…

Looking for a carnival in a bottle? Penelope Rio is set to deliver. Arriving on shelf in March, Penelope Rio will be available at a suggested retail price of $89.99 per 750-ml bottle. This year's installment will have a limited allocation of 5,000 (6-in) cases.

Inspired by the joy of Brazil, Rio delights the senses with a double cask finish of American honey and Amburana, a Brazilian hardwood. The two finishes combine to deliver a rich and sweet experience with surprising depth.

"Our latest Rio release is a party in a bottle – the finishes complement each other so well, resulting in a fun and surprising mix of flavors," said Michael Paladini, founder of Penelope Bourbon. "This year's release delivers a dessert sweetness combined with a nice baking spice on the finish. It's a fantastic and different combination of rich and sweet, with depth."

The bourbon features an aroma of sweet honey coupled with notes of cinnamon rolls; a rich body with notes of gingerbread, honey, nectar and baking spice; and a savory finish highlighted by subtle notes of honey and spice. Bottled at 98 proof, Rio's blended four-grain mash bill consists of 74% corn, 16% wheat, 7% rye and 3% malted barley.

"Penelope Rio is one of the more complex finishes we release," said Daniel Polise, founder and master blender of Penelope Bourbon. "We're really happy with how this one turned out, and we can't wait to see it on the shelf."

Last year's Penelope Rio release received 92 points from Whisky Advocate. It is part of the company's Cooper Series, which takes Penelope straight whiskeys on a world tour. The other members of the series include Tokaji Cask Finish, Rosé Cask Finish and Valencia. A product locator for the Penelope family of bourbons can be found here.

My Take

I haven't had regular Penelope so I'm not ready to venture into their experimental releases. I like the idea of trying new combinations of barrel aging, but I would need to be more familiar with the brand before I dropped $90 on an unknown. 

What do you think? Drop a note in the comment box below. 


Source: Penelope Bourbon

Penelope Bourbon Returns To Rio

Inspired by the joy of Brazil, Rio delights the senses with a double cask finish of American honey and Amburana, a Brazilian hardwood. The two finishes combine to deliver a rich and sweet experience with surprising depth. 

Limited-release straight bourbon whiskey features double cask finish of honey and Amburana 

Penelope Bourbon Returns To Rio

Looking for a carnival in a bottle? Penelope Rio is set to deliver. Arriving on shelf in March, Penelope Rio will be available at a suggested retail price of $89.99 per 750-ml bottle. This year’s installment will have a limited allocation of 5,000 (6-in) cases.  

Inspired by the joy of Brazil, Rio delights the senses with a double cask finish of American honey and Amburana, a Brazilian hardwood. The two finishes combine to deliver a rich and sweet experience with surprising depth. 

“Our latest Rio release is a party in a bottle – the finishes complement each other so well, resulting in a fun and surprising mix of flavors,” said Michael Paladini, founder of Penelope Bourbon. “This year’s release delivers a dessert sweetness combined with a nice baking spice on the finish. It's a fantastic and different combination of rich and sweet, with depth.”

The bourbon features an aroma of sweet honey coupled with notes of cinnamon rolls; a rich body with notes of gingerbread, honey, nectar and baking spice; and a savory finish highlighted by subtle notes of honey and spice. Bottled at 98 proof, Rio’s blended four-grain mash bill consists of 74% corn, 16% wheat, 7% rye and 3% malted barley. 

“Penelope Rio is one of the more complex finishes we release,” said Daniel Polise, founder and master blender of Penelope Bourbon. “We’re really happy with how this one turned out, and we can’t wait to see it on the shelf.” 

MGP to Acquire Penelope Bourbon LLC for $100+ Million… Making Us All Angry We Don’t Have Our Own Bourbon Brand to Sell

MGP has continued their buying spree with the acquisition of Penelope Bourbon LLC for a jaw dropping $105 million dollars (up to a maximum cash payout of $110.8 million measured through December 31, 2025 if certain performance conditions are met). For …

MGP has continued their buying spree with the acquisition of Penelope Bourbon LLC for a jaw dropping $105 million dollars (up to a maximum cash payout of $110.8 million measured through December 31, 2025 if certain performance conditions are met). For those unaware (including myself), Penelope Bourbon LLC was founded in 2018 and was family and founder-owned and operated.

David Colo, president and CEO of MGP Ingredients says:
We are excited to welcome Penelope as part of our expanding premium-plus brand portfolio. This acquisition aligns well with our premiumization strategy and our focus on growing high potential, high margin brands. Penelope is an excellent addition to our Branded Spirits portfolio as we look to expand its availability throughout our national distribution platform. We are enthusiastic about this acquisition and its ability to further our participation in the growing American Whiskey category while delivering meaningful long-term growth.
My Take

Absolutely amazing that I don't have a bourbon company of my own to sell for obscene amounts of money. I've only written one article about Penelope in the entire time I've had the blog so for them to be able to fetch $105 million is impressive. I've never had Penelope but selling to MGP should open up their distribution network to get it in more places. Alas, if anyone wants to buy this site for upwards of $100 million, hit me up on the contact link on the front page. 

What do you think? Drop a note in the comment box below. 



Source: MGP

A New Era for Blended American Whisky (Episode 1004: May 14, 2023)

Blended American Whisky has been ignored by connoisseurs for many years, largely because the category has been dominated by cheap blends using grain neutral spirits. Now, there’s a new era for Blended American Whisky as blenders explore the flexibility the category offers, from being able to blend Bourbons and Ryes with other styles of whisky to being able to use whisky matured in used barrels. We’ll talk with master blender Ari Sussman about the trend in this week’s WhiskyCast In-Depth. In the news, Australian distillers are in a dispute over what should be called a “single malt,” Russian officials raid Read More »

Blended American Whisky has been ignored by connoisseurs for many years, largely because the category has been dominated by cheap blends using grain neutral spirits. Now, there’s a new era for Blended American Whisky as blenders explore the flexibility the category offers, from being able to blend Bourbons and Ryes with other styles of whisky to being able to use whisky matured in used barrels. We’ll talk with master blender Ari Sussman about the trend in this week’s WhiskyCast In-Depth. In the news, Australian distillers are in a dispute over what should be called a “single malt,” Russian officials raid a factory producing counterfeit Scotch Whisky and other spirits, and we’ll learn what not to do when your golf bag catches on fire. In our Behind the Label segment, we’ll look at what researchers say is the proper amount of water to add to your whisky, and our latest Community poll asks whether you’d prefer to try a 50-year-old whisky or a 10-year-old bottled in 1920.

Download

Links: Whiskey JYPSI | Mammoth Distilling | Sydney Morning Herald | Penelope Bourbon | Spoetzl Brewery | Griffo Distilling | Dogfish Head | Elijah Craig | The Dalmore | Highland Park | Douglas Laing & Co. | Golf Digest | Talisker | Torabhaig Distillery | Foods

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.

Premium plus American Whiskey brand consistent with MGP’s premiumization strategy focused on gross margin accretive growth brands

MGP Ingredients to Acquire Penelope Bourbon

TCHISON, Kan., May 08, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that its Luxco, Inc. subsidiary has reached a definitive agreement to acquire 100% of the equity of Penelope Bourbon LLC (“Penelope Bourbon” or “Penelope”) and its related assets. Founded in 2018, Penelope Bourbon is a family and founder-owned and operated American Whiskey company with a diverse portfolio of high-quality whiskeys in the premium-plus price tiers. The acquisition includes all intellectual property and inventory of bottled product, as well as Penelope’s aging whiskey inventory on a debt-and-cash-free basis. 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, reflecting the brand’s current growth potential. The acquisition is expected to be financed using MGP’s existing revolving credit facility and cash on hand.

Transaction Highlights

  • Enhances presence in growing American Whiskey category
  • Expands portfolio of premium-plus price point brands
  • Leverages Branded Spirits national distribution platform to extend Penelope’s reach
  • Current MGP Distilling Solutions customer
  • Expected to be immediately accretive to Branded Spirits segment gross margin and consolidated adjusted basic earnings per share after close
  • Anticipated total cost synergies of approximately $5 million by December 31, 2025
  • Transaction is anticipated to close in June 2023

“We are excited to welcome Penelope as part of our expanding premium-plus brand portfolio,” said David Colo, president and CEO of MGP Ingredients. “This acquisition aligns well with our premiumization strategy and our focus on growing high potential, high margin brands. Penelope is an excellent addition to our Branded Spirits portfolio as we look to expand its availability throughout our national distribution platform. We are enthusiastic about this acquisition and its ability to further our participation in the growing American Whiskey category while delivering meaningful long-term growth.”

“MGP has been an incredible partner of ours since we started our business in 2018. We are excited to take our partnership to the next level with the goal of accelerating Penelope’s growth for years to come,” said Michael Paladini, CEO & Founder of Penelope. “Since our initial product launch in 2019, it has been amazing to watch consumers embrace our brand. We look forward to expanding our partnership with MGP and building on our legacy,” said Daniel Polise, COO & Founder of Penelope.

Advisors
Reed Smith LLP acted as legal transaction advisor to MGP. TD Cowen served as exclusive financial advisor and BakerHostetler acted as legal transaction advisor to Penelope Bourbon.

About Penelope Bourbon

Founded in 2018, Penelope Bourbon has been one of the country’s fastest-growing whiskey brands. Named after the founder’s daughter, Penelope boasts a series of straight bourbon whiskey expressions that are all uniquely blended from three different mash bills. Remarkably smooth and flavorful, Penelope is perfect whether sipping neat or mixing in a cocktail.

Penelope’s core expressions, Four Grain, Barrel Strength, Architect and Toasted Series, have received over 30 combined awards and industry accolades. Most recently, the brand won Double Gold and ‘Best of Class’ at the 2022 San Francisco World Spirits Competition, and was awarded three Double Platinum Medals – along with the title ‘Blender of the Year’- by the ASCOT Awards (2022).

In addition to its cornerstone expressions, Penelope continues to introduce new and innovative limited releases within its Cooper Series, Private Select and Founders Reserve lines.

Today, Penelope Bourbon is sold in over 30 states and 4 countries. Proving that with enough love and care, and hard work, anything is possible. To learn more about Penelope, please visit penelopebourbon.com