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LAWRENCEBURG, Ind., March 15, 2012—Local 13D of the United Food and Commercial Workers (UFCW) Union has ratified a new multi-year collective bargaining unit agreement with MGPI of Indiana, LLC located in Lawrenceburg and Greendale, Ind. The agreement took effect on March 7, and extends through Dec. 31, 2017.
» read moreATCHISON, Kan., March 13, 2012 - MGP Ingredients, Inc. (Nasdaq/MGPI) today reported financial results for the second quarter and six months ended December 31, 2011. As previously announced, the company changed its fiscal year end to December 31 from June 30. As a result, the six months ended December 31, 2011, represent a transition period, with the next fiscal year covering the period from January 1, 2012, through December 31, 2012.
» read moreATCHISON, Kan., March 2, 2012—The Board of Directors of MGP Ingredients, Inc. (Nasdaq/MGPI) yesterday declared a dividend of 5 cents ($0.05) per share on the company’s common stock. The dividend is payable on April 19, 2012, to stockholders of record as of March 22, 2012.
» read moreATCHISON, Kan., March 1, 2012—Barry Younkie has joined MGP Ingredients, Inc. (MGP) as beverage alcohol sales manager for the company’s distillery segment. In assuming the role, his focus will be on the commercialization of MGP’s recently added premium bourbons and whiskeys. The company’s world-class beverage alcohol operation is committed to providing the highest quality products and possesses expertise in developing customized formulations tailored to customer specifications for a wide range...
» read moreATCHISON, Kan., January 10, 2012—Brandon Gall has been named director of financial planning and analysis at MGP Ingredients, Inc. (Nasdaq/MGPI). In this position, Gall becomes responsible for strategic financial forecasting and planning for the company, as well as supplying value-added reporting on commercial and production operations to MGP executive leadership.
» read moreATCHISON, Kan., January 6, 2012— MGP Ingredients, Inc. has announced the appointment of Jim Vinoski as plant manager of the company’s wholly owned subsidiary, MGPI of Indiana, LLC, located in Lawrenceburg, Ind., and the adjacent community of Greendale, Ind. Vinoski brings extensive experience in operations and supply chain executive management to his new role with MGP.
» read moreATCHISON, Kan., January 5, 2012 – MGP Ingredients, Inc. (MGP), an expert in wheat- and corn-based ingredients, is teaming up with the Kansas Alliance for Biorefining and Bioenergy (KABB) and four Kansas universities to develop new technologies and products that use bio-based raw materials. Through this collaborative endeavor, KABB is awarding a grant of approximately $1.4 million, which is being matched through in-kind services estimated at approximately $1.5 million from MGP and the...
» read moreATCHISON, Kan., January 3, 2012 -- MGP Ingredients, Inc. (Nasdaq: MGPI) announced that it has reorganized by creating a new holding company structure. The business operations of the company and its subsidiaries will not change as a result of the reorganization.
» read moreATCHISON, Kan., December 28, 2011 – With the finalization today of a previously-announced asset acquisition, MGP Ingredients, Inc. (NASDAQ/MGPI) significantly strengthened its role in serving beverage alcohol customers in the branded packaged goods industry. Through its wholly-owned subsidiary, MGPI of Indiana, LLC, the company acquired Lawrenceburg Distillers Indiana, LLC (“LDI”) distillery assets located in Lawrenceburg, Ind., and the adjacent community of Greendale, Ind. The assets include ...
» read moreHighlights •Q1 sales up 34% vs. year ago led by food grade alcohol •Q1 diluted loss of $0.31 per share vs. fiscal 2011 Q1 income of $0.28 per share driven mainly by unrealized, non-cash losses of $5.0 million from hedge valuation adjustments •Distillery sales up 42% to $60.5 million •Higher corn costs and flood-related transportation expenses impact distillery gross profits vs. year ago •Ingredients segment sees significant profit improvement vs. each of prior two quarters •Company aims...
» read moreATCHISON, Kan., November 3, 2011—Mal Warrick has been appointed corporate director of supply chain at MGP Ingredients, Inc. (Nasdaq/MGPI). Warrick has nearly 30 years of experience in supply chain operations, including six years with Hallmark Cards, Kansas City, Mo., and 22 years with Proctor and Gamble, principally at that company’s Kansas, Kan. location.
» read moreATCHISON, Kan., October 21, 2011 – MGP Ingredients, Inc. (NASDAQ/MGPI) today announced that its wholly-owned subsidiary, MGPI of Indiana, LLC, signed an agreement with Lawrenceburg Distillers Indiana, LLC (“LDI”) to acquire LDI’s beverage alcohol distillery assets located in Lawrenceburg, Ind., and used in the production of customized and premium grade whiskeys, gins and grain neutral spirits.
» read moreATCHISON, Kan., October 20, 2011 – Gary Gradinger, chairman and chief executive officer of Golden Star, Inc., was re-elected to the Board of Directors of MGP Ingredients, Inc. (Nasdaq/MGPI) by holders of the company's common stock. Timothy Newkirk, MGPI president and chief executive officer, and Karen Seaberg, a local civic leader and businesswoman, were re-elected to the board by holders of the company's preferred stock.
» read moreATCHISON, Kan., October 12, 2011—MGP Ingredients, Inc. (Nasdaq/MGPI) today announced that the company will host a webcast of its Annual Meeting of Stockholders to be held Thursday, October 20, 2011 beginning at 10:00 a.m. (central time) at the Presbyterian Community Center, Atchison, Kansas.
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ATCHISON, Kan., Aug. 31, 2011 —The Board of Directors of MGP Ingredients, Inc. (Nasdaq/MGPI) has declared a dividend of 5 cents ($0.05) per share on the company’s common stock. The dividend is payable on Oct. 13, 2011 to stockholders of record as of Sept. 15, 2011. Directors also approved a change in the company’s fiscal year-end from June 30 to Dec....
» read moreATCHISON, Kan., August 24, 2011—Jill Baumert has joined MGP Ingredients, Inc. (MGPI) as territory sales representative for the company’s ingredients solutions segment. In assuming the role, her focus will be on the commercialization of MGPI’s innovative lines of specialty wheat starches and proteins.
» read moreATCHISON, Kan., August 23, 2011—MGP Ingredients, Inc. (MGPI) has published a new booklet detailing the properties as well as functional and cost-saving benefits of the Company’s Arise® line of wheat protein isolates in bakery and other flour-based food formulations.
» read moreATCHISON, Kan., August 10, 2011— MGP Ingredients, Inc. (MGPI) has announced the recent appointment of Mark Kocour as plant manager of the company’s Onaga, Kan., facility. His principal responsibility is overseeing all day-to-day operations at the facility, where MGPI produces plant-based biopolymers for use in the manufacture of eco-friendly plastic-like products
» read moreATCHISON, Kan., August 8, 2011—MGP Ingredients, Inc. (Nasdaq/MGPI) has announced the appointment of Jim Artzer to the position of director of supply chain finance. Artzer comes to MGPI with over 22 years of experience in accounting and finance roles. He most recently served as senior director of general accounting for
» read moreATCHISON, Kan., August 3, 2011—MGP Ingredients, Inc. (MGPI) has published a new, more comprehensive booklet detailing recent clinical studies highlighting the physiological benefits as well as functional qualities of Fibersym® RW, the company’s unique resistant wheat starch, in bakery and other flour-based food formulations.
» read moreATCHISON, Kan., August 1, 2011—MGP Ingredients, Inc. (MGPI) has announced the promotion of Brian Wright to manager of distillery operations. In his new role, Wright is responsible for leading plant operations at the Atchison, Kan. distillery. One of his primary job responsibilities is to drive continuous improvement initiatives to enhance plant efficiencies. Wright is responsible for scheduling the day-to-day production of ...
» read moreATCHISON, Kan., June 6, 2011— Ashley Gill has joined MGP Ingredients, Inc. (MGPI) as communications specialist. Among her principal responsibilities will be assisting in the execution of overall publicity and promotional projects, including internal communications programs and marketing communications initiatives. “We are very pleased to welcome Ashley to our corporate relations team,” said Shanae ...
» read moreATCHISON, Kan., May 17, 2011—MGP Ingredients, Inc. (MGPI) has announced the appointment of Stephen Glaser to the position of plant manager at the company’s Atchison, Kan., facility. Glaser brings several years of chief executive and senior operations experience to the role, which is responsible for the management of all operational activities and processes at the facility. This includes accountability for plant ...
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ATCHISON, Kan., March 7, 2011— Mike Parker has been promoted to manager of biopolymer sales at MGP Ingredients, Inc. (Nasdaq/MGPI) effective immediately. In addition, Venkata Mattegunta and Chris Wagner have joined the company as research associates to boost research and product development initiatives in the biopolymer area, while also complementing research activities related to other plant-based ingredient...
» read moreATCHISON, Kan., February 14, 2011—MGP Ingredients, Inc. (MGPI) today launched a newly designed website to strengthen online communications capabilities as an essential part of the company’s digital and overall business model strategy. The reconstructed site, which can be accessed at www.mgpingredients.com, provides a more comprehensive and interactive venue for reaching out to new and existing customers, as...
» read moreATCHISON, Kan., February 14, 2011--Ladd and Karen Seaberg have been selected by Benedictine College, Atchison, Kan., to receive that institution’s prestigious Cross of the Order of St. Benedict award. They, along with Dave and Sherri Laughlin of Overland Park, Kan., will be honored during the college’s annual Scholarship Ball on Saturday, Feb. 26, at the Westin...
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ATCHISON, Kan., February 8, 2011—MGP Ingredients, Inc. (MGPI) has formed a transportation management partnership with Ryan Transportation Service, Lenexa, Kan., as part of the company’s strategic initiative to strengthen its world class customer service capabilities. Under this new arrangement, Ryan Transportation assumes a lead logistics role in managing all truck and rail carriers in servicing MGPI’s North American customers, as well as ensuring the delivery performance for the company’s...
» read moreATCHISON, Kan., December 2, 2010 — MGP Ingredients, Inc. (MGPI), has announced the appointment of Cheryl Harrity to the position of corporate director of supply chain effective immediately. For the past year, she has served as a founding partner of NaviChain, LLC., Maple Valley, Wash., where she was responsible for project management, including leading clients such as MGPI in customized methodologies for identifying...
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ATCHISON, Kan., November 4, 2010—Mike Lasater has been appointed national sales director for the ingredient solutions segment at MGP Ingredients, Inc. (Nasdaq/MGPI). He has nearly 20 years of experience in food ingredient sales, including eight years with MGPI, where he began his career as a territorial sales manager in the company’s former wheat starch business unit in 1992. “We are very...
» read moreATCHISON, Kan., October 28, 2010—MGP Ingredients, Inc. (Nasdaq/MGPI) has announced the appointment of Lori Norlen to the position of assistant controller. Scott Girdley, D. Mgt, has joined the company as director of supply chain finance. Norlen comes to MGPI with over 25 years of experience in accounting and finance roles. She most recently served as manager of corporate accounting for Hostess Brands in ...
» read moreATCHISON, Kan., October 21, 2010—John Speirs, chairman and co-founder of Stellus Consulting, a Minneapolis-based firm that specializes in developing business and branding strategies, was re-elected to the Board of Directors of MGP Ingredients, Inc. (Nasdaq/MGPI) by holders of the...
» read moreATCHISON, Kan., October 21, 2010—MGP Ingredients, Inc. (Nasdaq/MGPI) today held its annual meeting of stockholders. Following a welcome and introductions by Board Chairman John Speirs, a business overview was provided by