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Bourbon Pursuit

485 - What's Life Like After A $215M Acquisition with Mike Paladini and Danny Polise of Penelope Bourbon

Bourbon Pursuit

Bourbon Pursuit

Hobbies, Food, Arts, Leisure

4.9 • 866 Ratings

🗓️ 24 October 2024

⏱️ 71 minutes

🧾️ Download transcript

Summary

We talk about Penelope a lot on the show because they are a prime example of how to differentiate yourself in the marketplace from a crowded shelf of bottles. Our first episode with Mike Paladini and Danny Polise was back on epsidoe 382. And now this time we catch up with them again but after they were acquired by MGP for $215M. We talk about life after acquisition and what that means to access to whiskey, the life of the brand, and how their roles have changed from running it all to leaning on a large organiztion with a substantial salesforce. Show Notes: 00:00-The Journey Begins: From Mattresses to Bourbon 04:54-The Rise of Penelope Bourbon: Challenges and Innovations 09:57-Acquisition Insights: Life After MGP 19:52-Product Development: The Art of Blending and Finishing 30:04-Future Aspirations: Growth and New Innovations Support this podcast on Patreon

Transcript

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0:00.0

We acted like we were going to buy a lot of barrels.

0:01.9

And that's how I kind of got this, like, fancy red carpet meeting.

0:05.3

I mean, there was no, like, in reality, we only have four grand.

0:09.3

Yeah, we, we didn't say, but we were like, but we'll take one barrel of each.

0:12.7

Well, Mike was the mattress king of New Jersey.

0:15.3

Yeah.

0:15.8

I acted like, I acted like Bear was like some multinational conglomerate. Yeah, this is to be a sad project for me.

0:21.6

Yeah.

0:22.2

And we also have like this thing prestige worldwide.

0:24.6

It's like an entertainment business.

0:25.8

This is all this stuff.

0:26.8

This is Burbin Pursuit, the official podcast of Bourbon, bringing to you the best in news, reviews, and interviews with people making the bourbon whiskey industry happen.

0:48.6

And I'm one of your hosts, Kenny Coleman.

0:50.4

We talk a lot about Penelope on the show because they are a prime example of how to differentiate yourself in the marketplace because there is a sea of crowded bottles on the shelves.

1:00.7

In our first episode with Mike Palladini and Danny Police was back on episode 382.

1:06.6

And now this time we catch up with them, but this is after they've been acquired by MGP

1:11.6

for a small sum of around $215 million.

1:15.5

We talk about life after acquisition and what that means to the brand, their access to

1:21.0

whiskey, the life of it, and how their roles have changed, from running it all to now

1:26.1

leaning on a large organization with a substantial

1:29.1

sales force. With that, enjoy this week's episode. And now here's Fred Minnick with Above the Char.

1:35.0

I'm Fred Minnick, and this is Above the Char.

...

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