News Releases

News Releases

Date Title and Summary Additional Formats
Toggle Summary MGPI Stockholders Re-Elect Dr. Daryl Schaller, Linda Miller and Michael Braude To Board; Karen Seaberg Elected as Newest Director
ATCHISON, Kan., October 22, 2009 — Daryl R. Schaller, Ph.D., president of Schaller Consulting, Homosassa, Fla., and Linda E. Miller, independent marketing consultant and a member of the University of Kansas engineering management faculty, have been re-elected to the Board of Directors of MGP
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Toggle Summary MGP Ingredients Shares Progress of Strategic Business Transformation at Stockholders' Meeting; Announces Anticipated Positive Turnaround in Fiscal 2010 First Quarter Earnings Performance
ATCHISON, Kan., October 22, 2009 — MGP Ingredients, Inc. (Nasdaq/MGPI) today held its annual meeting of stockholders in Atchison. The meeting was opened by John Speirs, who succeeded Ladd Seaberg as chairman of the company’s Board of Directors this past August, and was followed by a business
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Toggle Summary MGP Ingredients to Webcast Annual Meeting October 22, 2009
MGP Ingredients to Webcast Annual Meeting October 22, 2009 ATCHISON, Kan., October 15, 2009 —MGP Ingredients, Inc. (Nasdaq/MGPI) today announced that the company will host a webcast of its Annual Meeting of Stockholders to be held Thursday, October 22, 2009 beginning at 10:00 a.m.
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Toggle Summary MGP Ingredients, Inc. Announces Fiscal 2009 Fourth Quarter and Year-End Results
Highlights: Q4 net loss of $2.9 million shows significant improvement over prior year’s Q4 net loss of approximately $10.0 million FY 2009 12-month net loss of $69.1 million compares to net loss of $11.7 million in fiscal 2008 Total year-to-date loss includes $26.4 million in impairment charges and
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Toggle Summary MGP Ingedients, Inc. Schedules Fiscal 2009 Fourth Quarter Financial Release Date, Conference Call
ATCHISON, Kan., September 2, 2009 —MGP Ingredients, Inc. (Nasdaq/MGPI) will report its fiscal 2009 fourth quarter and year-end financial results on Thursday, September 10, prior to the marketís opening. An investor conference call will be held at 10 a.m. central time that day.
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Toggle Summary Ladd Seaberg Retires From MGP Ingredients, Inc. Board: Karen Seaberg Appointed To Fill Vacancy; John Speirs Named Board Chairman
ATCHISON, Kan., August 28, 2009 — Ladd Seaberg has announced his retirement as a member and chairman of the Board of Directors of MGP Ingredients, Inc., (Nasdaq/MGPI) effective at the close of business yesterday.  However, he will remain available in a consulting capacity to the board and company
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Toggle Summary MGP Ingredients, Inc. Announces Sale of KC Facility, Pet Business to Sergeant's Pet Care Products
ATCHISON, Kan., August 24, 2009— MGP Ingredients, Inc. (Nasdaq/MGPI) has announced the sale of its Kansas City, Kan., facility to Sergeant’s Pet Care Products, Inc.  The sale was completed this past Friday, Aug. 21, for an initial payment of $3.6 million, with provision for additional earn out
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Toggle Summary Union Local Ratifies New Five-Year Labor Contract with MGP Ingredients, Inc.
ATCHISON, Kan., July 16, 2009 —Local 74D of the United Food and Commercial Workers (UFCW) Union yesterday ratified a new five-year collective bargaining unit agreement with MGP Ingredients, Inc. The agreement, which covers union employees at the company’s Atchison, Kan., plant, takes effect on Aug.
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Toggle Summary MGP Ingredients' Atchison Facility Achieves Highly Regarded Certifications to Better Service its Customers
ATCHISON, Kan., June 22, 2009 — MGP Ingredients, Inc. (MGPI) announced today that its manufacturing site in Atchison, Kan. received International Organization for Standardization (ISO) 14001 and Occupational Health and Safety Assessment Series (OHSAS) 18001 certifications to better serve its
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Toggle Summary MGP Ingredients, Inc. Undergoes Organizational Changes as Part of Ongoing Business Transformation Process; Non-Union Staff Consolidations, Reductions Being Implemented
ATCHISON, Kan., June 16, 2009 —MGP Ingredients, Inc. (Nasdaq/MGPI) has announced additional changes to the company’s organizational structure to better align with current and future strategic initiatives.  The changes include a number of transitions and consolidations in management, supervisory and
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Toggle Summary MGP Ingredients, Inc. Announces Third Quarter Fiscal 2009 Results
Highlights: Q3 diluted EPS loss of $0.38 vs. EPS loss of $0.40 in prior year Q3 total sales of $54.6 million vs. prior year’s sales of $106.7 million due to planned reduction of low and negative margin product sales Higher margin product sales help drive Q3 pre-tax profits in ingredient solutions
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Toggle Summary MGP Ingredients, Inc. Schedules Fiscal 2009 Third Quarter Financial Release Date, Conference Call
MGP Ingredients, Inc. Schedules Fiscal 2009 Third Quarter Financial Release Date, Conference Call ATCHISON, Kan., May 6, 2009 —MGP Ingredients, Inc. (Nasdaq/MGPI) will report its fiscal 2009 third quarter financial results on Monday, May 11.  An investor conference call will be held the following
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Toggle Summary MGP Ingredients, Inc. Announces FY 2009 Second Quarter Results
Highlights:   Q2 total sales of $73.2 million vs. prior year’s Q2 sales of $94.0 million due mainly to planned reduction of fuel grade alcohol and commodity ingredients Q2 results include restructuring charges and related costs totaling $22.9 million, or ($1.38) per share Corporate transition for
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Toggle Summary MGPI Ingredient Solutions Segment Growth Strategies Include Restructuring Job Positions
ATCHISON, Kan., February 5, 2009 — In continuing to focus more effort on executing ingredient solutions business segment growth strategies at MGP Ingredients, Inc. (MGPI), Brad Maier, corporate director of international sales and marketing, will assume the company’s heritage ingredients platform
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Toggle Summary MGP Ingredients, Inc. Schedules Fiscal 2009 Second Quarter Financial Release Date, Conference Call
MGP Ingredients, Inc. Schedules Fiscal 2009 Second Quarter Financial Release Date, Conference Call ATCHISON, Kan., February 5, 2009 —MGP Ingredients, Inc. (Nasdaq/MGPI) will report its fiscal 2009 second quarter financial results on Monday, February 9.
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