MGP Ingredients Inc (MGPI) Sector
Consumer Staples

(Current) $46.62
0.62 (1.35%) Open Price: 46.24

 

MGP Ingredients Inc., headquartered in Atchison, Kansas, is a leading supplier of premium distilled spirits and specialty wheat proteins and starches. Established in 1941 by Cloud L. Cray Sr., the company has grown from a regional player into a significant force in the beverage and food ingredients industries. MGP Ingredients is renowned for its high-quality products, innovative processes, and commitment to sustainable practices, setting the standard for excellence in its field.

 

One of the core aspects of MGP Ingredients' business is its production of distilled spirits. The company is a key provider of bourbon and rye whiskeys, gin, and vodka, catering to a wide range of customers from small craft distilleries to large multinational brands. MGP's Lawrenceburg, Indiana distillery, originally built in 1847, is a cornerstone of its operations, known for its tradition and expertise in crafting superior spirits. The company's portfolio includes award-winning products that have garnered accolades for their quality and distinct flavor profiles.

 

In addition to its spirits division, MGP Ingredients is a leading producer of specialty wheat proteins and starches. These ingredients are crucial in a variety of applications, from food and beverages to personal care products. MGP’s wheat proteins are valued for their functional properties, such as solubility and texture enhancement, making them ideal for plant-based foods, baked goods, and more. The company’s starches, on the other hand, are prized for their versatility and utility in improving product quality and extending shelf life.

 

MGP Ingredients places a strong emphasis on innovation and sustainability. The company invests heavily in research and development to continuously improve its product offerings and processes. MGP’s commitment to sustainability is evident in its efforts to reduce waste, conserve energy, and utilize renewable resources. The company’s sustainability initiatives not only help protect the environment but also enhance its reputation as a responsible and forward-thinking enterprise.

 



 

(11/19/24) $46.24
(11/21/24) $46.00
(11/21/24) (Qty.)347,080
(11/19/24) $45.84
(11/19/24) $48.55
(11/03/24) $45.44
(11/10/24) $53.31
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