M&A Deal Summary

MGP Acquires Penelope Bourbon

On May 8, 2023, MGP acquired beverage company Penelope Bourbon

Acquisition Highlights
  • This is MGP’s 4th transaction in the Beverages sector.
  • This is MGP’s 4th transaction in the United States.
  • This is MGP’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-05-08
Target Penelope Bourbon
Sector Beverages
Buyer(s) MGP
Deal Type Add-on Acquisition
Advisor(s) Cowen Group, Inc. (Financial)
BakerHostetler (Legal)

Target

Penelope Bourbon

Roselle, New Jersey, United States
Penelope Bourbon is a whiskey brand that boasts a series of straight bourbon whiskey expressions that are all uniquely blended from three different mash bills. Penelope Bourbon was formed in 2018 and is based in Roselle, New Jersey.

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Buyer(S) 1

Buyer

MGP

Atchison, Kansas, United States
Category Company
Founded 1941
Sector Beverages
Employees705
Revenue 837M USD (2023)
DESCRIPTION

MGP is a producer of value-added, grain-based starches, proteins and food-grade alcohol products for the branded packaged goods industry. MGP was founded in 1941 and is based in Atchison, Kansas.

DEAL STATS #
Overall 4 of 4
Sector (Beverages) 4 of 4
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Luxco

Saint Louis, Missouri, United States

Luxco is a producer, supplier, importer, and bottler of beverage alcohol products. Luxco's mission is to meet the needs and exceed the expectations of consumers, associates, and business partners. Luxco was founded in 1958 and is based in Saint Louis, Missouri.

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