Tranche Update on MGP Ingredients, Inc.'s Equity Buyback Plan announced on February 29, 2024.
May 02, 2024 at 05:04 pm IST
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From February 29, 2024 to March 31, 2024, the company has repurchased 59,084 shares, representing 0.27% for $5 million. With this, the company has completed the repurchase of 59,084 shares, representing 0.27% for $5 million under the buyback announced on February 29, 2024.
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. 
