Type | Private |
---|---|
Nasdaq: MGPI S&P 600 component | |
Industry | Beverage |
Founded | 1941 |
Founder | Cloud L. Cray, Sr. |
Headquarters | Atchison, Kansas, United States |
Subsidiaries | Luxco, MGPI Processing, Inc. |
Website | www.mgpingredients.com |
MGP Ingredients, Inc. (formerly known as MGP of Indiana and Lawrenceburg Distillers Indiana (LDI)), is a producer of premium distilled spirits, branded spirits, and food ingredient with headquarters in Atchison, Kansas, United States.[1]
MGP Ingredients products are sold under about 50 different brand names by various bottling companies, with a recent addition of their own products, Till Vodka, George Remus Bourbon, and Rossville Union Straight Rye Whiskey.[2][3] The facility's largest customer is the London-based multinational beverage giant Diageo.[4]
YouTube Encyclopedic
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"That Factory in Indiana" With Former Master Distiller at MGP, Greg Metze - Episode 154
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Transcription
History
MGP of Indiana
MGP of Indiana distillery was founded in 1847 and purchased by Seagram in 1933. While under their ownership, the distillery was called the Jos. E. Seagram Lawrenceburg Plant. When Seagram's assets were acquired by other companies, the Lawrenceburg distillery became the property of Pernod Ricard.[5]
On April 19, 2006, Pernod Ricard announced plans to close the distillery, but instead sold it in 2007 to CL Financial, a holding company based in Trinidad and Tobago, which renamed it "Lawrenceburg Distillers Indiana" (LDI). CL Financial later collapsed and required government intervention, although the facility continued to operate through the company crisis.
MGP Ingredients
MGP Ingredients was founded by Cloud L. Cray, Sr. in 1941 as major alcohol supplier for WWII.[6]
In October 2011, MGP Ingredients announced that it had reached an agreement with Pernod Ricard to purchase the MGP of Indiana distillery, giving it its present name.[7] As of 2012[update] Diageo is the distillery's biggest customer.[4]
In April 2021, MGP Ingredients completed its acquisition of Luxco.[8]
Products
MGP has seven whiskey brands of its own as of April 2021, including George Remus bourbon[9] and Rossville Union, but primarily sells its output to various bottlers.[10] One primary product of MGP Indiana is a straight rye whiskey with a 95% rye mash bill, which is bottled under various brand names, including Angel's Envy, Bulleit Rye, Filibuster, George Dickel Rye, James E. Pepper, Smooth Ambler, and Templeton Rye.[10][4] It also produces straight Bourbon whiskey, which is sold under various brand names, such as the Cougar Bourbon brand sold in Australia. These straight whiskeys are also used as the straight whiskey components in Seagram's Seven Crown, a blended whiskey now produced by Diageo, and High West.[11] The distillery also produces neutral spirits used in the production of Seagram-branded gin and vodka, now owned by Pernod Ricard.
In April 2013, MGP announced the introduction of six additional mash bills for rye, malt, wheat and bourbon whiskey to expand the range of product offerings for the Indiana facility.[12][1]
Altogether, MGP is the source of beverage spirits sold under about 50 different brand names, although these are often sold misleadingly by their bottlers as distinctive products with minimal disclosure of the actual source of the spirits.[10] Some industry experts have commented negatively about the practice, such as the whiskey writer Charles Cowdery who has decried such bottlers as "Potemkin distilleries".[10] As one example, in a class action settlement announced in 2015 about the marketing of the Templeton Rye brand which was actually produced using MGP spirits, Templeton was required to add the words "distilled in Indiana" to its label and remove claims of using a "Prohibition Era Recipe" and "small batch" production. The settlement also offered refunds to customers who had bought Templeton Rye since 2006.[13]
Some brands modify the facility's products somewhat before bottling and selling them. George Dickel Rye, introduced in 2012, is mashed, distilled and aged in Indiana at MGP, and then trucked to the Diageo bottling plant in Plainfield, Illinois for filtering and bottling.[4][14] Angel's Envy finishes its spirits in old port wine casks before bottling.[10]
MGP also produces plant-based protein. In 2021, MGP was ranked 31st on FoodTalks's Global Top Plant Protein Companies list.[15]
References
- ^ a b Cowdery, Chuck (April 3, 2013). "The Chuck Cowdery Blog: MGP Adds Six New Whiskey Recipes to Lawrenceburg Distillery's Portfolio". The Chuck Cowdery Blog. Retrieved November 16, 2021.
- ^ "MGP Indiana: Past, Present and Future". Bourbon Culture. June 6, 2020. Retrieved June 15, 2021.
- ^ "MGP Ingredients Launches Rossville Union Master Crafted Straight Rye Whiskey, Adding to the Company's Branded Portfolio". PR Newswire. May 9, 2018. Retrieved May 21, 2018.
- ^ a b c d Cowdery, Chuck (October 26, 2012). "The Chuck Cowdery Blog: George Dickel Gives A Different Taste To LDI Rye". The Chuck Cowdery Blog. Retrieved November 16, 2021.
- ^ Indiana: A Guide to the Hoosier State. USA: The Department of Public Relations of Indiana State Teachers College. 1941. p. 364. ISBN 9781603540131.
- ^ "About Our Company | MGP". www.mgpingredients.com. Retrieved November 5, 2023.
- ^ "MGP Ingredients, Inc. to Purchase Lawrenceburg, Indiana Distillery Assets | MGP". www.mgpingredients.com. Retrieved November 16, 2021.
- ^ Carruthers, Nicola (April 6, 2021). "MGP completes $475 million Luxco acquisition". The Spirits Business. Retrieved October 10, 2023.
- ^ "MGP releases new George Remus Bourbon". The Spirits Business. June 7, 2017. Retrieved November 16, 2021.
- ^ a b c d e Felten, Eric (July 28, 2014). "Your 'Craft' Rye Whiskey Is Probably From a Factory Distillery in Indiana". The Daily Beast. Retrieved July 23, 2016.
- ^ "High West Whiskey Review | Whiskey Rocks". July 29, 2021. Retrieved November 16, 2021.
- ^ "MGP Expanding Whiskey and Bourbon Offerings with Addition of New Mash Bills". April 2, 2013. Retrieved April 2, 2014.
- ^ Noel, Josh (July 14, 2015). "Templeton Rye reaches lawsuit settlement, will pay refunds". Chicago Tribune. Retrieved July 15, 2015.
- ^ Olmsted, Larry. "A Brand New Rye Whiskey That Will Turn Heads". Forbes. Retrieved November 16, 2021.
- ^ Huang, Lemon (May 17, 2021). "2021年全球植物蛋白配料企业40强" [Global Top 40 Plant Protein Companies]. FoodTalks (in Chinese). Retrieved February 13, 2022.
External links
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