News Releases
Read the latest news from MGP.
MGP Ingredients, Inc. Announces Delay in Annual Meeting
ATCHISON, Kansas, June 18, 2013 - MGP Ingredients, Inc. (Nasdaq/MGPI) (the “Company”) announced today that it anticipates further delay in reconvening its annual meeting of stockholders (“Annual Meeting”). The Annual Meeting was called to order on May 23, 2013, but was adjourned due to a lack of quorum caused by the revocation of proxies by certain preferred stockholders, including the MGP Ingredients, Inc. Voting Trust u/a/d November 16, 2005, as amended (the “Voting Trust”). While there was ...
» read moreMGP’s Master Distillers Perform Key Role in Ensuring All Products Provide Customers with a “World-Class Pour”
ATCHISON, Kan., June 12, 2013—In serving customers as an innovative producer of premium distilled spirits, MGP is able to tap into the talents of two highly accomplished master distillers, Randy Schrick, who is based at the company’s operations in Atchison, Kan., and Greg Metze, whose entire career has been spent at the company’s Lawrenceburg, Ind., facility.
» read moreMGP Ingredients, Inc. Announces Review of Strategic Alternatives
ATCHISON, Kansas, May 29, 2013 - MGP Ingredients, Inc. (Nasdaq:MGPI) (the "Company") today announced that the Board of Directors has authorized a review of strategic alternatives. The Board of Directors has established a Special Committee of six independent directors to conduct the review. The Special Committee has retained BMO Capital Markets Corp. as its financial advisor.
» read moreMGP Ingredients, Inc. Planning Response to Dissident Shareholder
ATCHISON, Kansas, May 28, 2013 - As previously announced, MGP Ingredients, Inc. (Nasdaq:MGPI) (the "Company") was to hold an annual meeting of stockholders on May 23, 2013 ("Annual Meeting"). There was a quorum of common stockholders present in person or by proxy at the Annual Meeting. However, the preferred stockholders revoked their proxies and so the Annual Meeting lacked a quorum. The Company's Board of Directors is assessing the impasse resulting from the preferred stockholder's refusal to ...
» read moreMGP Ingredients, Inc. Adjourns Annual Meeting
ATCHISON, Kansas, May 23, 2013 - MGP Ingredients, Inc. (Nasdaq/MGPI) (the “Company”) adjourned its 2013 annual meeting of shareholders scheduled for today due to a lack of quorum of preferred stock shareholders. There was a quorum of common stock shareholders. The Company will provide notice in the future as to the time and place for a recommencement of the 2013 annual meeting.
» read moreMGP Ingredients to Webcast Annual Meeting May 23, 2013
ATCHISON, Kan., May 7, 2013— MGP Ingredients, Inc. (Nasdaq/MGPI) today announced that the company will host a webcast of its Annual Meeting of Stockholders to be held Thursday, May 23, 2013 beginning at 10:00 a.m. (central time) at the Benedictine College Ferrell Academic Center, 1020 North 2nd Street, Atchison, Kansas.
» read moreMGP Ingredients, Inc. Reports First Quarter Results
ATCHISON, Kansas, May 6, 2013 - MGP Ingredients, Inc. (Nasdaq/MGPI) (the “Company”) today reported results for the first quarter ended March 31, 2013. Net income for the first quarter was $1.4 million compared with net income of $1.8 million in the prior year. Net income in the first quarter of 2013 includes a previously announced $1.4 million gain on sale of discontinued operations. The Company sold its bioplastics manufacturing facility in Onaga, Kansas, and certain assets at the extruder...
» read moreMGP Expanding Whiskey and Bourbon Offerings with Addition of New Mash Bills
ATCHISON, Kan., April 2, 2013—Continuing its legacy as a leading innovator in the distilled spirits industry, MGP (Nasdaq/MGPI) has announced the development of six additional mash bills for the production of new rye, malt and wheat whiskeys, as well as new bourbons, at the company’s Lawrenceburg, Ind., facility.
» read moreMGP Ingredients, Inc. Reports Q4 and Year End 2012 Results
ATCHISON, Kan., March 12, 2013—MGP Ingredients, Inc. (Nasdaq:MGPI) (the "Company") today reported results for the fourth quarter and fiscal year ended December 31, 2012. Net income for the fourth quarter was $180,000, or $0.01 earnings per diluted share, compared with net income of $16.1 million, or $0.89 per diluted share, in the prior year. Net Income in the prior-year period includes a $13.0 million, or $0.77 per diluted share, asset acquisition gain (net of tax effect), associated with the...
» read moreHealth Canada Approves MGP’s Resistant Starches as Dietary Fiber Sources
ATCHISON, Kan., March 7, 2013—Health Canada recently issued a letter of approval to MGP Ingredients, Inc. (Nasdaq/MGPI) regarding the classification of the company’s Fibersym® RW and FiberRite® RW resistant wheat starches as dietary fiber sources in unstandardized foods.
» read moreMGP Ingredients Board Declares Dividend
ATCHISON, Kan., March 5, 2013—The Board of Directors of MGP Ingredients, Inc. (Nasdaq:MGPI) declared a dividend of 5 cents ($0.05) per share on the company's common stock on February 28, 2013. The dividend is payable on April 10, 2013, to stockholders of record as of March 18, 2013.
» read moreMGP Increases Focus on Food Ingredient Innovations that Deliver Health and Wellness Benefits
ATCHISON, Kan., March 5, 2013—It is widely recognized that diet can play a critical role in a wide range of health conditions. Adverse health conditions associated with eating habits include hypertension, stroke, heart disease, type 2 diabetes and some types of cancer. To support food manufacturers in literally bringing health and wellness product offerings to the table, MGP continues to focus efforts on providing ingredient innovations that deliver nutritional, as well as functional and...
» read moreMGP Launches Corn Oil Product Following Installation of New Process
ATCHISON, Kan., February 19, 2013—MGP Ingredients, Inc. (Nasdaq/MGPI) has announced the addition of corn oil to the company’s portfolio of grain-based distillery co-products. Manufacturing of this new line began recently following the installation of a state-of-the-art corn oil extraction system at MGP’s Atchison, Kan., facility.
» read moreGreen Dot Holdings LLC Acquires MGP’s Bioplastics Division
Cottonwood Falls, Kan.: Green Dot has acquired the bioplastics division of Atchison, Kansas-based MGP Ingredients, Inc. (Nasdaq/MGPI).
» read moreMGP Receives Business Excellence Award from Kansas Department of Commerce
ATCHISON, Kan., November 27, 2012—The Kansas Department of Commerce recently honored MGP as one of 22 Regional Business Award winners across the state in recognition of the company’s business achievements and high level of community support and involvement.
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