MGPI - MGP Ingredients - Stock Price & Dividends

MGP Ingredients Inc is a leading producer and supplier of distilled spirits, branded spirits, and food ingredients, operating globally and in the United States. The company is divided into three main segments: Distillery Solutions, Branded Spirits, and Ingredient Solutions.

The Distillery Solutions segment is responsible for producing high-quality food-grade alcohols for various applications, including bourbon, rye, whiskey, and grain neutral spirits used in vodka and gin production. Additionally, this segment provides industrial-grade alcohols used in food products, personal care items, cleaning solutions, pharmaceuticals, and other products. The segment also offers co-products, such as dried distillers' grain, fuel-grade alcohol, and corn oil, as well as value-added services like warehouse storage, blending, and barrel management.

The Branded Spirits segment focuses on crafting premium, ultra-premium, and super-premium spirits, as well as private label products. This segment caters to the growing demand for high-end spirits, offering a range of products that meet the evolving tastes and preferences of consumers.

The Ingredient Solutions segment specializes in producing specialty wheat starches and proteins for various food applications. The company's portfolio includes Fibersym, Resistant Starch series, and FiberRite RW Resistant Starch, which are used in baked goods, snacks, and other food products. Additionally, the segment offers gluten-free textured pea proteins, commodity wheat starch, and commodity wheat proteins, catering to the needs of food manufacturers and processors.

MGP Ingredients Inc sells its products directly to manufacturers, processors, and bakeries, as well as through a network of distributors. With a rich history dating back to 1941, the company is headquartered in Atchison, Kansas, and has established itself as a trusted partner in the spirits and food ingredients industries.