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MGP Ingredients

#7493

Rank

$382.19M

Marketcap

US United States

Country

MGP Ingredients
Leadership team

Mr. David J. Colo (Pres, CEO & Director)

Mr. Brandon M. Gall (VP of Fin. & CFO)

Mr. David S. Bratcher (COO & Pres of Branded Spirits)

Products/ Services
Food and Beverage
Number of Employees
500 - 1000
Headquarters
Atchison, Kansas, United States
Established
1941
Company Registration
SEC CIK number: 0000835011
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
MGPI
Social Media
URL
https://www.mgpingredients.com
Overview
Location

Summary
History
Mission
Vision
Key Team
Recognition and Award
References
Summary
MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel-grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.
History

The distillery was founded in 1847 and purchased by Seagram in 1933. While under their ownership, the distillery was called the Jos. E. Seagram Lawrenceburg Plant. When Seagram's assets were acquired by other companies, the Lawrenceburg distillery became the property of Pernod Ricard.

On April 19, 2006, Pernod Ricard announced plans to close the distillery, but instead sold it in 2007 to CL Financial, a holding company based in Trinidad and Tobago, which renamed it "Lawrenceburg Distillers Indiana" . CL Financial later collapsed and required government intervention, although the facility continued to operate through the company crisis.

In October 2011, MGP Ingredients announced that it had reached an agreement to purchase the distillery, giving it its present name. As of 2012, Diageo is the distillery's biggest customer.

Mission
Secure our future by consistently delivering superior financial results by more fully participating in all levels of the alcohol and food ingredients segments for the betterment of our shareholders, employees, partners, consumers, and communities.
Vision
In each of the markets MGP serves, the Company strives to optimize its expertise and capabilities to develop better products for consumers and consistently create value for all stakeholders.
Key Team

Dr. Clodualdo Maningat (Chief Science Officer and VP of Ingredients R&D)

Mr. Amel Pasagic (VP of Information Technology & Chief Information Officer)

Mr. Curtis Landherr (Chief Legal Officer)

Mr. Greg Manis (Corp. Director of Communications)

Mr. Fletcher R. Buchman (VP of Marketing)

Erika L. Lapish (VP of HR)

Mr. Mark Davidson (Corp. Controller)

Recognition and Awards
MGP has been recognized with many awards, including the 2019 Good Food Awards and the Viva Technology Startup Innovation Award in 2018.
References

https://en.wikipedia.org/wiki/MGP_of_Indiana#:~:text=MGP%20of%20Indiana%20(Midwest%20Grain,spirits%20for%20private%20label%20sale.

https://in.investing.com/equities/mgp-ingredients

https://finance.yahoo.com/quote/MGPI/profile?p=MGPI

https://www.comparably.com/companies/mgp-ingredients/mission

https://www.crunchbase.com/organization/mgp-ingredients#:~:text=Number%20800.255.0302-,MGP%20Ingredients%20is%20a%20supplier%20of%20premium%20distilled%20spirits%20and,and%20vodkas%20in%20the%20world.

https://sec.report/CIK/0000835011

https://companiesmarketcap.com/

https://www.mgpingredients.com

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MGP Ingredients
Leadership team

Mr. David J. Colo (Pres, CEO & Director)

Mr. Brandon M. Gall (VP of Fin. & CFO)

Mr. David S. Bratcher (COO & Pres of Branded Spirits)

Products/ Services
Food and Beverage
Number of Employees
500 - 1000
Headquarters
Atchison, Kansas, United States
Established
1941
Company Registration
SEC CIK number: 0000835011
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
MGPI
Social Media
URL
https://www.mgpingredients.com