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MGP Ingredients
-24.5%
Beverages / Distilled spirits and food ingredients
At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebMGP Ingredients is a leading supplier of premium distilled spirits, specialty wheat proteins and starches, and food-grade malt products. The company was founded in 1941 as a small distillery in Atchison, Kansas and has since grown to become a major player in the food and beverage industry.
The company’s primary focus is on producing and marketing high-quality, natural ingredients for the food, beverage, and personal care industries. They operate four production facilities located in Kansas and Indiana, with a workforce of over 300 employees.
MGP Ingredients is known for their award-winning spirits, including the popular TILL American Wheat Vodka and George Remus Straight Bourbon Whiskey. They also offer a wide range of premium wheat proteins and starches, including their popular MGP ProTerra line.
In addition to their production capabilities, MGP Ingredients also offers technical and analytical support to their customers, ensuring that they are able to create innovative and high-quality products. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Overall, MGP Ingredients is a trusted and versatile supplier in the food and beverage industry, with a strong focus on quality and customer satisfaction.
There are several unique aspects of the MGP Ingredients company that set it apart from other companies in the food and beverage industry:
1. Legacy and Expertise: MGP Ingredients has been in business for over 75 years, and has a long history as a leading supplier of high-quality ingredients for the food and beverage industry. The company has a deep understanding of the industry and has continuously evolved to meet changing consumer needs and preferences.
2. Focus on Innovative and Sustainable Solutions: MGP Ingredients is committed to providing innovative and sustainable solutions to its customers. The company has invested in state-of-the-art technology and processes to develop new and improved ingredients that meet the needs of modern consumers.
3. Wide Range of Products: MGP Ingredients produces a diverse range of products, including distilled spirits, plant-based proteins, starches and sweeteners, and food-grade industrial alcohol. This diversity allows the company to serve a wide range of customers and industries.
4. Quality and Food Safety: MGP Ingredients has a strong focus on quality and food safety, demonstrated by its numerous certifications and awards. The company follows strict quality control standards and continuously monitors its processes to ensure the safety and purity of its products.
5. Commitment to Sustainability: MGP Ingredients is committed to reducing its environmental impact and promoting sustainable practices. The company has implemented various initiatives to reduce waste, conserve resources, and promote responsible sourcing.
6. Strong Corporate Culture: MGP Ingredients has a strong corporate culture that values teamwork, integrity, and continuous improvement. The company promotes a supportive and inclusive work environment for its employees, which in turn translates to better products and customer service.
The MGP Ingredients company is a leading supplier of premium ingredients and solutions used in a variety of food, beverage, and personal care products. Their business model is primarily based on manufacturing and selling high-quality ingredients to customers in the food and beverage, personal care, and pharmaceutical industries.
The company operates in three main segments - Distillery Products, Ingredient Solutions, and Corporate and other. Under the Distillery Products segment, MGP produces and sells premium distilled spirits, including bourbon, rye, gin, and vodka. Their Ingredient Solutions segment offers a wide range of value-added starch-based ingredients to the food and beverage industry, including specialty wheat proteins, fibers, and other co-products.
MGP’s Corporate and other segment includes its corporate operations and the operations of subsidiaries, including a biopolymer manufacturing facility. The company also offers contract manufacturing services for branded goods and consumer packaged goods in their Atchison, Kansas facility.
Additionally, MGP invests in research and development to develop new products and improve existing ones, as well as in marketing efforts to promote its brands and products to potential customers. The company also focuses on maintaining strong relationships with its customers to understand their needs and offer customized solutions.
Overall, MGP Ingredients’ business model revolves around producing and offering premium, high-quality ingredients and solutions that meet the needs and preferences of their customers, thus driving growth and profitability in the long run.
1. The company was originally founded as a small flour mill in Atchison, Kansas in 1941. It was known as the Midwest Grain Products company and focused on producing wheat-based ingredients for the food industry.
2. In the 1950s, the company expanded into producing alcohol and added a distillery to its operations. This marked the beginning of MGP’s shift towards producing beverage alcohol and specialty ingredients.
3. In the 1980s, MGP began contract manufacturing for other companies, leading to partnerships with major brands such as Jack Daniel’s and Jim Beam.
4. The company changed its name to MGP Ingredients in 2011, reflecting its focus on producing a diverse range of pure alcohol and food-grade ingredients for different industries.
5. MGP Ingredients has a wide range of products in its portfolio, including beverage alcohol, industrial alcohol, food-grade products such as starches and proteins, and other specialty ingredients.
6. The company is a major supplier of premium bourbon and rye whiskey to various brand owners, and its whiskey brands have won numerous awards and accolades.
7. MGP Ingredients is committed to sustainability and has implemented several initiatives to reduce its environmental impact, including using renewable energy sources, implementing water conservation practices, and reducing waste.
8. The company has a strong research and development team and invests heavily in innovation, constantly developing new products and technologies to meet the changing needs of its customers.
9. MGP is a publicly traded company and is listed on the NASDAQ stock exchange under the ticker symbol MGPI.
10. The company has production facilities in Kansas and Indiana and has a global reach, exporting its products to over 60 countries around the world.
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