# MGP Ingredients

> MGP Ingredients is a publicly traded grain-processing company that works on both sides of the label: it distills and ages whiskey for other spirits companies, owns a portfolio led by Penelope, Yellowstone, Rebel and Remus, and supplies specialty wheat proteins, starches and fiber to food manufacturers. Founded in Atchison in 1941, MGP combines industrial-scale production, formulation and aging expertise with consumer-brand distribution through Luxco.

- **Founded:** 1941
- **Headquarters:** Atchison, United States
- **Founders:** Cloud L. Cray Sr. (Founder)
- **Team size:** 617 employees as of December 31, 2025
- **Products:** Distilling Solutions, Branded Spirits, Arise, Fibersym RW, ProTerra
- **Notable:** Built a sourced-spirits reputation around scalable bourbon and rye production, including its widely recognized 95% rye mash bill., Completed the $475 million enterprise-value acquisition of Luxco in April 2021, creating a scaled branded-spirits segment., Acquired Penelope Bourbon in June 2023 for $105 million at closing plus performance-based contingent consideration.

## Products & services

- **Distilling Solutions** — Bourbon, rye, corn and wheat whiskeys, gin, vodka and grain neutral spirits, including custom formulations, aging, warehousing and logistics support for spirits companies.
- **Branded Spirits** — A Luxco-managed portfolio spanning premium-plus, mid and value tiers, including Penelope, Yellowstone, Rebel, Remus, Blood Oath, Ezra Brooks, El Mayor and Everclear.
- **Arise** — Wheat protein isolates used to strengthen dough, improve processing and add protein in bakery and flour-based applications.
- **Fibersym RW** — Resistant wheat starch used to increase dietary fiber while maintaining a neutral flavor, smooth texture and light color.
- **ProTerra** — Textured wheat and pea proteins designed to mimic meat texture in plant-based foods or extend meat, poultry and seafood.
- **Midsol and Pregel** — Native, modified and pregelatinized wheat starches for adhesion, crispness, thickening, moisture control and emulsion stability.
- **Warehouse services** — Barrel storage and related services that complement MGP's sourced-spirits operation.

## Achievements

- Built a sourced-spirits reputation around scalable bourbon and rye production, including its widely recognized 95% rye mash bill.
- Completed the $475 million enterprise-value acquisition of Luxco in April 2021, creating a scaled branded-spirits segment.
- Acquired Penelope Bourbon in June 2023 for $105 million at closing plus performance-based contingent consideration.
- Operates an 11-laboratory Technical Innovation Center in Atchison with culinary, sensory, analytical and applications capabilities.
- Penelope Bourbon sales grew 13% and Yellowstone also grew in the second quarter of 2026, while premium-plus portfolio sales rose 5%.
- Ingredient Solutions sales rose 29% year over year in the first quarter of 2026 as operational reliability and specialty-product demand improved.

## Latest updates

- **2026-07** — Second-quarter sales were $124.4 million, down 15% year over year; Penelope and Yellowstone supported premium-plus growth while Distilling Solutions brown-goods sales fell 59%.
- **2026-07** — MGP added four leaders across commercial, supply-chain and operating roles as it revamped growth capabilities.
- **2026-04** — The company announced temporary idling of its Lux Row and Limestone Branch distilling operations in Kentucky beginning in May, while keeping visitor experiences and bottling active.
- **2026-04** — First-quarter sales declined 13% to $106.4 million; Ingredient Solutions grew 29%, while the company recorded substantial non-cash impairments in Branded Spirits.
- **2026-02** — MGP reported 2025 sales of $536.4 million, a 24% decline, and said elevated industry barrel inventories would continue to pressure brown goods.
- **2025-10** — Matias Bentel was appointed chief marketing officer and Chris Wiseman senior vice president of operations.

## Links

- Website: https://mgpingredients.com/
- LinkedIn: https://www.linkedin.com/company/mgp-ingredients/
- YouTube: https://www.youtube.com/@luxcoinc.2786
- Instagram: https://www.instagram.com/mgpingredientscollab/
- Facebook: https://www.facebook.com/MGPIngredientsCollab/

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Profile page: https://yespress.io/mgp-ingredients
Published by YesPress — https://yespress.io
Last updated: 2026-08-13