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Mergers & Acquisitions

MGP Ingredients To Acquire Luxco; Boost Position In Branded-spirits Sector- Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

MGP Ingredients, Inc. (MGPI), a supplier of distilled spirits as well as specialty wheat proteins and starches, said Monday it has agreed to acquire Luxco, Inc., and its affiliated companies. The deal represents an enterprise value of $475 million, comprised of equal parts cash and stock. The transaction is expected to be completed during the first half of 2021.Luxco is a branded beverage alcohol ...

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