MGP Ingredients Inc (NASDAQ: MGPI) is a distilled spirits and ingredient solutions company that produces and sells whiskey, bourbon, and other distilled spirits alongside food-grade alcohol and specialty proteins and starches. The company generates revenue through transactional sales across two primary business lines: distillery products, which include aged and new distillate sold to other spirits brands and its own branded portfolio, and ingredient solutions, which supply industrial and food customers with wheat proteins and starches. MGP was incorporated in 2011 in Kansas, continuing a business originally founded by Cloud L. Cray, Sr. in Atchison, Kansas in 1941. The company operates as both a bulk supplier of distilled spirits to third-party brands and a branded spirits producer in its own right, giving it a dual role in the whiskey value chain.

Revenue model

Transactional sales of distilled spirits (bulk and branded) and food-grade ingredient products, with revenue recognized on product shipment or delivery.

Products and services

Whiskey, bourbon, and other distilled spirits (new and aged distillate); branded spirits portfolio; food-grade alcohol; wheat proteins; wheat starches; specialty ingredients.

Customers and end markets

Third-party spirits brands purchasing bulk distillate; food and industrial manufacturers purchasing specialty proteins and starches; end consumers via branded spirits portfolio.

Value-chain role

Distiller and ingredient manufacturer; upstream supplier of bulk whiskey and spirits to branded spirits companies; branded spirits producer; specialty ingredient supplier to food industry.

Geographic exposure

Headquartered in Atchison, Kansas; filing does not provide specific geographic revenue breakdown in the excerpts provided.

Source: SEC 10-K, filed 2026-02-25

Industry: Wholesale-Beer, Wine & Distilled Alcoholic Beverages Peers: Vintage Wine Estates, Inc. Constellation Brands Inc Splash Beverage Group Inc Crimson Wine Group Ltd Duckhorn Portfolio, Inc. Amaze Holdings Inc Iconic Brands, Inc. Willamette Valley Vineyards Inc