News Releases
Read the latest news from MGP.
MGP 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.
» read moreMGP Ingredients, Inc. Reports Third Quarter 2012 Results
ATCHISON, Kansas, November 9, 2012 - MGP Ingredients, Inc. (Nasdaq/MGPI) (the “Company”) today reported results for the third quarter ended September 30, 2012. Net income of $418,000, or $0.02 per diluted share, compared favorably with a net loss of $5.5 million, or $0.33 per diluted share, in the prior year.
» read moreMGP Names Pam Dickerson Territory Sales Manager for Ingredients
ATCHISON, KAN., October 23, 2012— MGP has announced the appointment of Pam Dickerson to the position of territory sales manager for ingredients. She brings over 15 years of combined experience in food ingredient sales and product development to the position, which primarily focuses on marketing the company’s specialty starches and proteins to manufacturers of branded consumer packaged goods.
» read moreMGP Announces New Line of Eco-Friendly Biodegradable Resins
ATCHISON, Kan., September 4, 2012—MGP, a long-established innovator of grain- and other plant-based ingredient solutions, has announced the development of Terratek® BD, a new line of biodegradable composite resins. This newest entry in the company’s portfolio of eco-friendly bioplastic products will be introduced at the Sustainable Packaging Forum slated for Sept. 11-13 in Pittsburg, Penn.
» read moreMGP Ingredients, Inc. Reports Second Quarter 2012 Results
ATCHISON, Kansas, August 9, 2012 - MGP Ingredients, Inc. (Nasdaq/MGPI) today reported results for the second quarter ended June 30, 2012. The net loss of $850,000, or $0.05 per diluted share, compared favorably with a net loss of $10.3 million, or $0.61 per diluted share, in the prior year.
» read moreMike Lasater Promoted to Vice President of Ingredients Sales and Marketing at MGP
ATCHISON, Kan., June 14, 2012— Mike Lasater has been promoted to vice president of ingredients sales and marketing at MGP Ingredients, Inc. (MGP) effective immediately. He brings over 20 years of sales and marketing experience to his new position, most recently serving as national sales director at the company since 2010.
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