MGP Ingredients, Inc. (M1I.F)

74.50 +0.50 (+0.68%) At close: 03:29PM CEST

MGP Ingredients, Inc.

100 Commercial Street
PO Box 130
Atchison, KS 66002
United States
913 367 1480
https://www.mgpingredients.com

Sector(s): Consumer Defensive
Industry: Beverages - Wineries & Distilleries
Full-time employees: 705

Key executives

Name	Title	Pay	Exercised	Year born
Mr. David S. Bratcher	CEO, President & Director	1.09M	N/A	1969
Mr. Brandon M. Gall	VP of Finance, CFO & Treasurer	975.74k	N/A	1983
Mr. Curtis Landherr	VP, Chief Legal Officer & Corporate Secretary	839.13k	N/A	N/A
Mr. David J. Colo	Senior Advisor	2.39M	N/A	1963
Mr. Amel Pasagic	Chief Commercial Officer	671.62k	N/A	N/A
Dr. Clodualdo Maningat	Chief Science Officer and VP of Ingredients Research & Development	N/A	N/A	1955
Mr. Greg Manis	Corporate Director of Communications	N/A	N/A	N/A
Mr. Fletcher R. Buchman	Vice President of Marketing	N/A	N/A	N/A
Ms. Erika L. Lapish	VP & Chief Human Resources Officer	495.19k	N/A	N/A
Mr. Mark Davidson	Corporate Controller	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

MGP Ingredients, Inc., together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions. The Distillery Solutions segment provides food grade alcohol for beverage applications that include bourbon, rye, whiskeys, as well as grain neutral spirits, include vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in food products, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also offers distillery co-products, such as dried distillers' grain, fuel-grade alcohol for blending with gasoline, and corn oil; and provides warehouse services, including barrel put away, barrel storage, and barrel retrieval services, as well as blending services. The Branded Spirits segment provides premium plus, ultra-premium, super premium, premium, mid, and value branded distilled spirits, as well as private label products. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch series, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. It sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries. The company was founded in 1941 and is based in Atchison, Kansas.

Corporate governance

MGP Ingredients, Inc.’s ISS governance QualityScore as of 29 April 2024 is 3. The pillar scores are Audit: 4; Board: 1; Shareholder rights: 7; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.