MGP Ingredients Inc - Company Profile
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Business Description
MGP Ingredients Inc (MGP) is a producer, distributer and marketer of branded spirits, distilled spirits, specialty wheat protein, and starch food ingredients. The company produces industrial alcohol for use in both food and non-food usage. It offers specialty ingredient solutions which provide nutritional benefits and also deliver functional and sensory quality of products for its customers. The company serves a diverse customer base, including food processors, distributors, and industrial processing customers.
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Business Segments
Overview
Consists of a portfolio of high-quality brands, which are produced through distilleries and bottling facilities. It sell to distributors or to state governments that directly control the sale of alcohol. MGP’s branded spirits include a wide spectrum of brands across numerous categories and price tiers.
Performance
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Overview
Process corn and other grains into food grade alcohol and distillery co-products, such as distillers feed, corn oil and fuel grade alcohol. The food grade alcohol consists of premium beverage alcohol and industrial alcohol. Premium beverage alcohol includes white goods and brown goods. Markets alcohol products under various brands including TILL American Wheat Vodka, George Remus Straight Bourbon Whiskey, Remus Repeal Reserve Straight Bourbon Whiskey, Tanner's Creek Blended Bourbon Whiskey, Rossville Union Master Crafted Straight Rye Whiskey and Eight & Sand Blended Bourbon Whiskey. Also provides warehouse services, including barrel storage, barrel put away and barrel retrieval services. Supplies distilled products, and barreling and warehousing services on contract to customers.
Performance
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Overview
Comprises specialty wheat starches, specialty wheat proteins, commodity wheat starches and commodity wheat proteins. Produces wheat starch powder from the starch slurry, and then dries the starch in spray, flash or drum dryers. Also sells specialty starches to food processors and distributors. Processes wheat flour to derive starch and vital wheat gluten or commodity wheat protein. Markets products under various brands including Fibersym Resistant Starch series, FiberRite RW Resistant Starch, Pregel Instant Starch series, Midsol Cook-up Starch series, Arise and TruTex.
Performance
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