Profile: MGP Ingredients Inc (MGPI.O)
22 Jul 2016
MGP Ingredients, Inc., incorporated on October 18, 2011, is a holding company. The Company's principal operating subsidiaries are MGPI Processing, Inc. and MGPI of Indiana, LLC (MGPI-I). The Company produces and supplies distilled spirits, and wheat proteins and starches. The Company's distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company also produces industrial alcohol for use in both food and non-food applications. Its distillery products are derived from corn and other grains, including rye, barley, wheat, barley malt and milo. The Company operates through two segments: distillery products and ingredient solutions. Its distillery products segment consists of food grade alcohol and co-products of its distillery operations, including distillers feed, fuel grade alcohol and corn oil. Its ingredient solutions segment consists of specialty wheat starches, specialty wheat proteins, commodity wheat starch and commodity wheat protein.
Distillery products segment
The Company processes corn and other grains into food grade alcohol and distillery co-products, distillers feed, fuel grade alcohol and corn oil. The Company also provides warehouse services, including barrel put away, barrel storage and barrel retrieval services. The Company's distillery capacities are focused on the production of food grade alcohol for beverage and industrial applications. It offers food-grade industrial alcohol for use as an ingredient in foods (vinegar and food flavorings), personal care products (hair sprays and hand sanitizers), cleaning solutions, biocides, insecticides, fungicides, pharmaceuticals and various other products. The Company produces fuel grade alcohol as a co-product of its food grade alcohol business at its distillery in Atchison. It sells fuel grade alcohol for blending with gasoline. It produces corn oil as a co-product through a corn oil extraction process.
Ingredient Solutions Segment
The Company's specialty wheat starches are used primarily for food applications as an ingredient in a various food products. The Company's markets its specialty wheat starches under the trademarks Fibersym Resistant Starch series, FiberRite RW Resistant Starch, Pregel Instant Starch series and Midsol Cook-up Starch series. The Company develops specialty wheat proteins for food applications. Its specialty wheat proteins for food applications include products in the Arise, Optein and Trutex. The Company offers commodity wheat starch for both food and non-food applications. It offers commodity wheat protein or vital wheat gluten that is added by bakeries and food processors to baked goods, such as breads, and to pet foods, cereals, processed meats, and fish and poultry.
MGP Ingredients Inc
1300 Main St
ATCHISON KS 66002-2666