L'burg Distillery Sale Completed

file photo

(Lawrenceburg, Ind.) - The sale of the Lawrenceburg Distillery has been completed in a multi-million dollar deal.

 

Kansas-based MGP Ingredients, Inc. announced in October they planned to acquire the 164-year-old distillery from Lawrenceburg Distillers Indiana. The sale closed Wednesday for $11 million cash, equal to the current assets minus current liabilities of the distillery assets.

 

The 50-acre plant will be owned by MGPI’s wholly-owned subsidiary, MGPI of Indiana, LLC. It is the fifth owner in the distillery’s long history.

 

"The acquisition of the LDI distillery is highly exciting and represents a truly momentous event in our company's long history," said Tim Newkirk, MGPI president and CEO.

 

"It not only broadens our role and presence in the beverage alcohol marketplace, but, more importantly, it demonstrates our responsiveness to the numerous requests we have received from customers to supply them with high quality bourbons and corn and rye whiskeys, in addition to our premium vodkas and gins. Therefore, we view this acquisition as a tremendous opportunity to bolster our ability to meet customers' needs through more diversified and complete product offerings, as well as increased production capacity."

 

The acquisition to team the Lawrenceburg facility with MGPI’s operations in Atchison, Kansas makes the company one of the leading producers of beverage alcohol white grains in the United States, a release stated.

 

The sale includes everything except the plant’s bottling and packaging operations, which have been sold to an unnamed third party not affiliated with MGPI.

 

Newkirk complimented the company's acquisition team and LDI representatives for their "diligence and highly cooperative approach in making this acquisition become a reality." He also expressed gratitude to Lawrenceburg and Greendale community leaders and other residents of the area for their "high degree of hospitality and welcoming attitude" shown to MGPI personnel during phases leading up to and including the finalization of the purchase.

 

MGPI plans to be an active supporter in the two cities.

 

"Community involvement and support is a hallmark of MGPI's corporate culture, and we look forward to not only performing a business leadership role in Lawrenceburg and Greendale, but also assisting in the success of deserving projects, activities and concerns as a good corporate neighbor," Newkirk said.

 

More than 170 people are employed at the 50-acre distillery.

 

LINKS:

 

Distillery Warns Of Possible Job Losses

 

Employment Future At Distillery Considered

 

Kansas Company Buys Lawrenceburg Distillery

More from Local News

Events

Oldenburg Academy Names Jason Walke as Director of Academic Innovation

Walke will coordinate immersive educational experiences, including guest speakers, off-campus visits, and service projects.

Ripley County Man Arrested for Burglary in Sunman

The suspect is presumed innocent until proven guilty in a court of law.

NWS Issues Flood Advisory Until 11 AM

Additional rainfall amounts of 0.5 to 1 inch are possible.

Local Sports Report - April 2, 2025

Report missing stats and scores to news@eaglecountryonline.com

South Ripley Varsity Basketball Coach Seve Beach Honored by IBCA

He has a 47-25 record in three seasons with the Raiders.

Switzerland County's Cooper Todd Commits to Anderson University

He will now go on to join the defending HCAC champions.

On Air

Eagle Country 99.3 playing
Toby Keith - How Do You Like Me Now?

Parker McCollum Pretty Heart 12:47
Alabama Down Home - EAGLE ONLY NO INTRO IMAGING 12:43
Garth Brooks The Dance 12:40
Craig Morgan American Soundtrack 12:37