4.9 • 866 Ratings
🗓️ 28 January 2021
⏱️ 60 minutes
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0:00.0 | we're not really big on titles and things change so much around here. I mean, most people |
0:05.2 | that see me around here, they think I'm the guy that mows the grass, which I was two years |
0:10.1 | like, here's the weed eater. Yeah, yeah, yeah, exactly. Hey, dude, weed eaters over there. |
0:14.0 | This is episode 290 of Bourbon Pursuit, the podcast featuring news, reviews, and interviews |
0:28.1 | with people making the bourbon whiskey industry happen. |
0:31.4 | I'm one of your host, Kenny Coleman, and before we start today's podcast talking to Dr. Pat Heiss |
0:35.8 | from Wilderness Trail, here's your weekly |
0:37.7 | Bourbon News Update. Well, some of those predictions for 2021 are already coming to light, |
0:43.5 | and Fred Minix kind of had it all going on the right direction here, because there is a major |
0:47.8 | distillery that has been acquired. MGP has announced a definitive merger to acquire Luxco, |
0:53.4 | representing a deal worth $475 million |
0:56.0 | that's comprised of both equal parts of cash and stock. |
1:00.0 | Now, most of us know by now that MGP is that powerhouse distillery in Lawrenceburg, |
1:05.0 | Indiana that supplies a good percentage of product for source brands on the market, in addition |
1:09.0 | to brands that contract distill through |
1:10.9 | them. And Luxco has a distillery called Lux Row, based in Bartown, Kentucky. And Luxcoe also |
1:16.8 | has famous brands such as Ezra Brooks, Rebel Yell, Davis County, Everclear, Elmeher Tequila, |
1:23.2 | and also around 100 other smaller brands. Now this transaction is anticipated to be completed during the first half of 2021, |
1:31.1 | of course, subject to regulatory approvals and customary closing conditions. |
1:34.9 | You're going to get our full take on this acquisition on the next Bourbon Community Roundtable, |
1:39.5 | which will be recorded on next Monday, February 1st. |
1:42.5 | So follow us on all the social media channels and join |
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