MGP Ingredients, Inc.

MGP Ingredients, Inc. produces and supplies distilled spirits, branded spirits, and food ingredients globally. The company operates through three segments: Distillery Solutions, Branded Spirits, and Ingredient Solutions. The Distillery Solutions segment processes corn and grains such as rye, barley, wheat, and milo into food-grade alcohol and distillery co-products like dried distillers' grain. It also offers warehouse services for barrel storage and retrieval, as well as blending services. The Branded Spirits segment provides a wide range of spirits under various price tiers, including premium brands like Penelope Bourbon, Yellowstone Bourbon, and Blood Oath Bourbon, as well as mid-tier and value brands. The Ingredient Solutions segment supplies specialty wheat starches for food applications, such as Fibersym resistant wheat starch.

MGP Ingredients, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol MGPI. The company's stock trades in United States Dollars (USD). As a U.S.-based company, its financial reporting and stock transactions are conducted in USD, which is the official currency of the United States.

MGP Ingredients, Inc. operates in the Consumer Defensive sector, specifically within the Beverages - Wineries & Distilleries industry. This means the company is involved in the production and distribution of alcoholic beverages, particularly distilled spirits, as well as food ingredients. The Consumer Defensive sector includes companies that provide essential goods and services that are less sensitive to economic cycles, such as food, beverages, and household products. Within this sector, MGP focuses on wineries and distilleries, making it a key player in the spirits market.

MGP Ingredients generates revenue through three main segments. The Distillery Solutions segment processes grains into food-grade alcohol and distillery co-products, and provides warehouse and blending services for spirits. This segment primarily sells alcohol to beverage companies for use in bourbon, rye, whiskey, vodka, and gin. The Branded Spirits segment sells finished spirits directly to consumers under its own brand names, including premium brands like Penelope Bourbon and Yellowstone Bourbon, as well as mid-tier and value brands. The Ingredient Solutions segment supplies specialty wheat starches, such as Fibersym, to food manufacturers for use in various food products. Each segment contributes to the company's overall revenue by serving different parts of the supply chain, from raw material processing to branded consumer goods.

MGP Ingredients, Inc. is headquartered in the United States and operates globally. The company's description indicates that it produces and supplies distilled spirits, branded spirits, and food ingredients globally. While specific international markets are not detailed in the available data, the company's products are distributed worldwide, with a strong presence in the United States. The Branded Spirits segment includes brands like The Quiet Man Irish Whiskey, which suggests operations or sourcing in Ireland, and El Mayor Tequila, indicating involvement with Mexican spirits. Overall, MGP serves customers across multiple regions, leveraging its U.S. base for production and global distribution.