MGP Ingredients, Inc., founded in 1941 and headquartered in Atchison, Kansas, operates as a prominent manufacturer and supplier across three main business areas: distilled spirits, branded alcoholic beverages, and specialized food ingredients. The company's operations are structured around three core divisions: 1. Distillery Products: This segment is responsible for producing food-grade alcohol, which serves both beverage manufacturers—forming the base for products like bourbon, rye whiskeys, vodka, and gin—and industrial applications as a key ingredient in food items, personal care products, cleaning agents, and pharmaceuticals. It also manufactures fuel-grade ethanol for gasoline blending and extracts valuable co-products such as distillers feed and corn oil. Additionally, this division provides comprehensive warehousing services, including barrel storage, retrieval, and blending operations. 2. Branded Spirits: This division focuses on offering a diverse portfolio of proprietary distilled spirits, catering to various market tiers from ultra-premium and premium to mid-tier and value price points. 3. Ingredient Solutions: This segment supplies a variety of specialized components. These include specialty wheat starches for culinary applications, marketed under brands such as Fibersym, Resistant Starch, and FiberRite RW, as well as specialty wheat proteins, including Arise and Proterra, also for food use. The segment further provides gluten-free textured pea proteins, alongside commodity wheat starch and proteins for both food and industrial purposes. MGP Ingredients distributes its offerings either directly or through a network of distributors to manufacturers, processors of packaged goods, and bakeries. Its primary market footprint extends across the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada.
Penelope Bourbon Rolls Out Cigar Sessions: Chapter 2, Crafted in Partnership with Alec Bradley Cigars
MGP Ingredients' Penelope Bourbon launched Cigar Sessions: Chapter 2, a high-proof American whiskey co-developed with premium cigar maker Alec Bradley.
The limited release is bottled at 117.4 proof, aged six years, and carries a $79.99 suggested retail price, available now at select retailers nationwide while supplies last.
Penelope sits inside MGPI's Branded Spirits division via the 2021 Luxco acquisition, making this routine premium innovation for the branded-spirits segment; no revenue, volume, or guidance figures were disclosed.