MGPI Stock - MGPI Processing Inc.

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MGP Ingredients, Inc., headquartered in Atchison, Kansas, is a dynamic producer and supplier of distilled spirits and food ingredients, operating through three distinct segments: Distillery Products, Branded Spirits, and Ingredient Solutions. The company's Distillery Products segment is pivotal in providing food grade alcohol for a spectrum of beverage applications, ranging from bourbon and rye whiskeys to vodka and gin. Additionally, it supplies industrial alcohol used in various sectors including foods, personal care products, pharmaceuticals, and cleaning solutions. The segment also offers fuel-grade alcohol for blending with gasoline, along with distillers feed and related co-products such as corn oil.

MGP Ingredients' Branded Spirits segment distinguishes itself by offering a diverse portfolio of distilled spirits that cater to different market segments, including ultra-premium, premium, mid-range, and value categories. These branded spirits contribute significantly to the company's presence in the competitive spirits market, leveraging its expertise in crafting high-quality products to meet consumer preferences.

In the Ingredient Solutions segment, MGP Ingredients focuses on delivering specialty food ingredients essential for various food applications. These include specialty wheat starches marketed under names like Fibersym and Resistant Starch, specialty wheat proteins known as Arise and Proterra, gluten-free textured pea proteins, and commodity wheat starch and proteins. These ingredients are utilized by manufacturers and processors across the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada, underscoring MGP Ingredients' global reach and impact in the food industry.

Founded in 1941, MGP Ingredients has built a reputation for innovation and reliability in the production of high-quality spirits and food ingredients. The company's commitment to excellence is reflected in its comprehensive service offerings, which include warehouse services for barrel storage, blending services, and strategic distribution partnerships. As MGP Ingredients continues to evolve, it remains dedicated to advancing its product portfolio and maintaining its position as a trusted supplier in both the distilled spirits and food ingredient sectors.

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