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MGP Ingredients

MGP Ingredients

food
Atchison, KS · MGPI · Public
MGP Ingredients faces significant headwinds from American whiskey oversupply, with stock down 26.6% YTD despite a healthy balance sheet and deleveraging progress. The company is actively expanding its branded spirits portfolio through Penelope Bourbon and Remus Bourbon with new product launches and limited editions.

MGP Ingredients, Inc., founded in 1941 and headquartered in Atchison, Kansas, operates as a prominent manufacturer and supplier across three main business areas: distilled spirits, branded alcoholic beverages, and specialized food ingredients. The company's operations are structured around three core divisions: 1. Distillery Products: This segment is responsible for producing food-grade alcohol, which serves both beverage manufacturers—forming the base for products like bourbon, rye whiskeys, vodka, and gin—and industrial applications as a key ingredient in food items, personal care products, cleaning agents, and pharmaceuticals. It also manufactures fuel-grade ethanol for gasoline blending and extracts valuable co-products such as distillers feed and corn oil. Additionally, this division provides comprehensive warehousing services, including barrel storage, retrieval, and blending operations. 2. Branded Spirits: This division focuses on offering a diverse portfolio of proprietary distilled spirits, catering to various market tiers from ultra-premium and premium to mid-tier and value price points. 3. Ingredient Solutions: This segment supplies a variety of specialized components. These include specialty wheat starches for culinary applications, marketed under brands such as Fibersym, Resistant Starch, and FiberRite RW, as well as specialty wheat proteins, including Arise and Proterra, also for food use. The segment further provides gluten-free textured pea proteins, alongside commodity wheat starch and proteins for both food and industrial purposes. MGP Ingredients distributes its offerings either directly or through a network of distributors to manufacturers, processors of packaged goods, and bakeries. Its primary market footprint extends across the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada.

Employees
660
Mfg Plants
2
All Facilities
3
Activity
6/10
Type
Public

MGPI Stock Price

Manufacturing Plants (2)

Pekin, IL
Pekin, IL
Ingredient Solutions facility producing specialty wheat starches and proteins
Lawrenceburg, IN
Lawrenceburg, IN
Distillery facility producing distilled spirits and food-grade alcohol

Other Facilities (1)

Atchison, KS
Atchison, KS · hq
Headquarters and primary distillery operations for food-grade alcohol, fuel ethanol, and co-products (distillers feed, corn oil)