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Latest MGP Ingredients Inc. Stories

2013-02-11 23:01:11

Green Dot has acquired the bioplastics division of MGP. Green Dot will become a full service bioplastics company offering a complete line of bio-based and compostable materials, customized to customer needs. Cottonwood Falls, Kansas (PRWEB) February 11, 2013 Green Dot Holdings LLC Acquires MGP´s Bioplastics Division Green Dot has acquired the bioplastics division of MGP. Green Dot will become a full service bioplastics company offering a complete line of bio-based and compostable...

2008-11-10 18:00:14

Highlights: * Q1 total sales of $99.0 million represents 13% increase over year ago * Higher input prices drive 41% increase in cost of sales over year ago * Q1 diluted loss of $1.04 per share compares with year ago loss of $0.02 per share * Q1 results include income tax benefit of $6.3 million * Ingredient solutions sales up 16% for the year; segment loss driven by 41% increase in wheat prices * Distillery product sales improved 11%; higher corn...

2008-11-06 15:00:18

OMAHA, Neb., Nov. 6, 2008 (GLOBE NEWSWIRE) -- ConAgra Mills, a brand of ConAgra Foods, Inc., (NYSE:CAG) and MGP Ingredients, Inc. (Nasdaq:MGPI) announced today the signing of a new, long-term flour supply agreement. Beginning immediately, MGPI will source flour for its value added wheat protein and starch ingredients exclusively from ConAgra Mills. Last month, MGP Ingredients announced the discontinuation of wheat milling operations at its Atchison, Kan., facility after signing a...

2008-11-05 18:00:13

ATCHISON, Kan., Nov. 5, 2008 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI) continues to move forward with strategic initiatives to transform the company into a leading provider of value-added ingredients and world class alcohol products. Consistent with these initiatives, the company today announced plans to consolidate the production of wheat proteins and starches at its facility in Atchison, Kan., effective Nov. 12. This decision will result in the discontinuation of MGPI's...

2008-10-20 15:00:22

ATCHISON, Kan., Oct. 20, 2008 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI) today signed a non-binding letter of intent to enter into an agreement with ConAgra Mills whereby ConAgra would supply the company's wheat flour requirements for use in the production of protein and starch ingredients. MGPI has supplied its own flour since acquiring the Pillsbury Company's Atchison mill in 1987. The mill has been used to provide flour as the raw material for MGPI's protein and starch...

2008-08-26 09:00:59

ATCHISON, Kan., Aug. 26 /PRNewswire-FirstCall/ -- MGP Ingredients, Inc. today reported a net loss of $9,989,000, or $0.60 in diluted earnings per share, for the fourth quarter of fiscal 2008, which ended June 30, 2008. The loss for the quarter included $1.0 million net of tax, or $0.06 per share, related to the write-off of fixed assets. This compares with net income of $1,668,000, or $0.10 in diluted earnings per share, for the fourth quarter of fiscal 2007. Total sales in the fourth...


Word of the Day
cenobite
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.
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