Cray MGP Holdings Issues an Advertisement in Connection with ISS Recommendation
August 21, 2013 at 10:09 pm IST
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On August 21, 2013, Karen Seaberg, Laidacker M. Seaberg, Cloud L. Cray, Cray Family Management LLC, Cray MGP Holdings LP, John P. Bridendall and M. Jeannine Strandjord, who are soliciting proxies for the MGP Ingredients, Inc. 2013 annual meeting of stockholders, issued an advertisement in connection with Institutional Shareholder Services' analysis on the Company's proxy battle.
MGP Ingredients, Inc. is a producer and supplier of distilled spirits, branded spirits, and food ingredients. The Company operates through three segments: Distilling Solutions, Branded Spirits, and Ingredient Solutions. The Distilling Solutions segment consists of food grade alcohol and distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil. This segment also includes warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment consists of a portfolio of high-quality brands, which it produces through its distilleries and bottling facilities and sell to distributors pursuant to customer contracts and purchase orders. Its Ingredient Solutions segment consists primarily of specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat proteins. It is also a producer of industrial alcohol for use in both food and non-food applications.
MGP INGREDIENTS, INC. 
