Mgp Ingredients Completes Acquisition Of Penelope Bourbon

Jun 01, 2023•about 2 years ago

Acquiring Company

MGP Ingredients

Acquired Company

Penelope Bourbon

AtchisonFood And BeverageFood And BeverageRetail

Description

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 completed its previously announced acquisition of Penelope Bourbon LLC.

Company Information

Company

MGP Ingredients

Location

Atchison, Kansas, United States

About

MGP is a leading U.S. supplier of premium distilled spirits and the largest producer of specialty wheat proteins and starches. The company’s distilled spirits include gins, vodkas, and bourbon and rye whiskeys that are carefully crafted through a combination of art and science and backed by over 150 years of experience. Our non-GMO proteins and starches provide functional, nutritional and sensory benefits to a host of applications that align with MGP’s focus on adding more goodness to food. MGP is headquartered in Atchison, Kansas, where distilled alcohol products and food ingredients are produced. Premium spirits are also distilled and matured at the Company’s facility in Lawrenceburg, Indiana.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Mgp Ingredients Completes Acquisition Of Penelope Bourbon

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

M&A Insights

Related People

Paul hidden

David hidden

Amel hidden

Company Information