MGP INGREDIENTS INC

MGP Ingredients is a producer of branded and distilled spirits along with food ingredient solutions, operating through three segments: Branded Spirits (which manufactures and sells a portfolio of premium, mid-tier, and value spirits under brands including Yellowstone® Bourbon, Rebel® Bourbon, and El Mayor® Tequila, along with private label and contract bottling services); Distilling Solutions (which processes grains into food-grade alcohol, distillery co-products, and barrel storage services for bourbon and whiskey producers); and Ingredient Solutions (which produces specialty and commodity wheat starches and proteins for baking, food processing, and pet food applications). The company sells through distributors, state-controlled alcohol retailers, and direct-to-food-processor channels, with revenue concentrated among a limited number of large customers in each segment.