Welcome to our dedicated page for Mgp Ingredients news (Ticker: MGPI), a resource for investors and traders seeking the latest updates and insights on Mgp Ingredients stock.
MGP Ingredients, Inc. (MGPI) combines heritage distilling with innovative food ingredient solutions, serving both premium beverage and functional food markets. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and operational milestones.
Access official press releases and curated news coverage spanning MGPI's distilled spirits innovations and specialty wheat protein advancements. Track updates including earnings reports, production expansions, product launches, and strategic partnerships across both business segments.
Our repository features essential announcements related to bourbon/rye whiskey production, non-GMO ingredient developments, facility upgrades, and market leadership in alcohol purification technologies. Content is organized chronologically for efficient tracking of the company's progress in both traditional and modern food sectors.
Bookmark this page for direct access to MGPI's latest regulatory filings, leadership updates, and sustainability initiatives. Check regularly for insights into how the company maintains its position at the intersection of craft beverage trends and nutritional food innovation.
MGP Ingredients, Inc. (Nasdaq: MGPI) has declared a quarterly dividend of $0.12 per share of common stock, payable on March 26, 2021, to stockholders of record by March 12, 2021. The announcement reflects the company's ongoing commitment to returning value to its shareholders. MGP, known for its premium distilled spirits and specialty wheat proteins, continues to navigate the evolving economic landscape while managing potential risks associated with its acquisition of Luxco.
MGP has appointed Tony Kavanagh as their new Export Sales Manager based in London, enhancing their international sales strategy in the spirits market. Kavanagh has nearly 30 years of experience, having held senior roles in renowned companies like Beam Suntory and Cooley Distillery. His expertise in European markets and knowledge of consumer preferences will strengthen MGP's collaborative distilling efforts. Established in 1941, MGP is a significant supplier of distilled spirits and specialty wheat proteins, with operations in multiple locations, including Kansas and Indiana.
MGP (Nasdaq: MGPI) has announced its plans to expand the distribution of Green Hat Gin, the first licensed distillery in Washington, D.C. since Prohibition. Scheduled for rollout in the first half of 2021, the gin is available in four styles: Original Batch, Navy Strength, Citrus Floral, and Summer Cup Cordial, with prices ranging from $29.99 to $32.99 per 750-ml bottle. MGP aims to enhance its brand presence, with promising feedback from distribution partners. Green Hat Gin, acquired in March 2020, is inspired by the bootlegger George Cassiday.
MGP Ingredients, Inc. (Nasdaq:MGPI) will hold a conference call/webcast on February 25, 2021, at 10 a.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2020. The company plans to release its financial results before the market opens that day. Key management figures, David Colo (CEO) and Brandon Gall (CFO), will participate in the call. A replay will be available on the MGP Ingredients website after the call concludes, providing insights into the company’s performance.
MGP (Nasdaq: MGPI) has announced a partnership with RNDC to enhance the distribution of its spirits brands in Colorado. This collaboration aims to boost sales and brand recognition for MGP’s portfolio, which includes TILL American Wheat Vodka, George Remus Straight Bourbon Whiskey, and Green Hat Gin. MGP's premium spirits are crafted in Atchison, Kansas, with operations also in Indiana and Washington, D.C. The partnership reflects MGP's commitment to quality and market expansion, particularly for Green Hat Gin, which will be available in additional markets throughout 2021.
MGP (Nasdaq: MGPI) has formed a partnership with Standard Beverage to enhance the growth of its proprietary spirits brands in Kansas. The collaboration aims to bolster brand recognition and business impact amidst challenging times for the local hospitality sector. MGP distills a diverse range of spirits, including TILL American Wheat Vodka and George Remus Straight Bourbon Whiskey, which will now be represented fully by Standard Beverage. The partnership signifies MGP's commitment to the Kansas market and its expansion strategy for various premium spirits, including the recently acquired Green Hat Gin.
MGP Ingredients (Nasdaq:MGPI) announced its acquisition of Luxco for an enterprise value of $475 million in cash and stock. This strategic move aligns with MGP's goal to expand into higher value-added products. The transaction, expected to close in the first half of 2021, will bolster MGP’s market position in the branded-spirits sector, enhancing gross margins and cash flow. Luxco’s brands, including Ezra Brooks® and El Mayor®, will diversify MGP’s offerings and strengthen its nationwide distribution.
Matt Greeno has been appointed as the Lead Master Distiller at MGP Ingredients (MGPI), tasked with enhancing distillation quality and driving new product development. Greeno will supervise Master Distillers and engineers, fostering collaborations with MGP's R&D team for innovative spirits. His expertise in distilling gins and whiskeys is crucial as MGP Brands expands its offerings. Greeno holds a Master Distiller certification and has been with the company since 2011, following his education in chemical engineering and business administration.
MGP (Nasdaq: MGPI) has introduced the 2021 George Remus Bourbon Single Barrel Program, featuring selections at cask strength with two unique mash bills that highlight MGP's high-rye bourbon profile. Retailers can engage virtually with the distillery team to select their preferences, with customizable labels enhancing the collectible appeal. Pre-sales are open until March 15, 2021, with shipments scheduled for September 2021 to correspond with National Bourbon Month. MGP aims to support partners with marketing strategies to target discerning bourbon enthusiasts.
MGP (Nasdaq: MGPI) announced the launch of its 2021 Rossville Union Single Barrel Program, featuring three unique mash bills available for pre-sale until March 15. This program allows participating retailers to select and customize their whiskey offerings, which will ship by August 2021, coinciding with National Rye Month. MGP, recognized as the largest distiller of Rye Whiskey in the U.S., aims to enhance its market presence with this innovative program continued from previous years.
