MGP Scaling Back on Whiskey Production

MGP is one of the biggest whiskey producers in the country. The Lawrenceburg, Indiana distillery makes massive amounts of bourbon and rye whiskey for other brands, as well as releasing its own in-house labels under the Ross & Squibb name under which it rebranded after acquiring spirits company Luxco in 2021. But the management team just announced that it will slow down production of whiskey because of a softening market, which might not come as a total shock to those following the…