Penelope Bourbon

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 »

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.

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