MGP Ingredients News

“Although resistant starch producers claim that the sensory properties of bakery products are not modified when resistant starch is used, the results obtained in this study demonstrated that some differences did appear”

As food makers sharpen their product designs to target the growing consumer health appeal, Penford Food Ingredients inks an agreement with fellow US firm MGP Ingredients to manufacture and sell resistant potato ... via FoodNavigator

“Just as we are continuing to gain momentum toward achieving record sales of targeted value-added product technologies in our ingredient-solutions segment, our earnings for the third quarter were adversely affected by record wheat prices”

MGP Ingredients Inc. reported higher sales but a loss for the third quarter, and also said it’s exploring “strategic alternatives” related to its facility in Kansas City, Kan.The ... via KansasCity.com

Good morning, my name is Shay and I will be your conference operator today. At this time, I would like to welcome everyone to MGP Ingredients fiscal 2008 third quarter earnings conference call. via Seeking Alpha

“The company also experienced higher sales of vital wheat gluten resulting from increased volumes and pricing compared to a year ago”

MGP Ingredients, Inc., in the third quarter ended March 31, sustained a loss of $6,729,000, versus net profit of $2,148,000, equal to 13c per share on the common stock, in the third quarter last year. via World-Grain

On May 5, 2008, MGP Ingredients, Inc. entered a new accounts receivable and inventory borrowing base secured credit agreement with Commerce Bank, N.A., as agent, and Commerce Bank, N.A., BMO Capital Markets ... via Earth Times

Alan Baker joins MGP Ingredients, Inc. as specialty starch sales representative. via Snack Food/Wholesale Bakery

Crowning achievement

Crown Media Holdings chief executive Henry Schleiff calls it his 'hat trick.'

The parent company of the Hallmark Channel said Wednesday that it had a cut a deal with DirecTV for the satellite network to continue to carry the family channel. The deal follows similar agreements last month with Time Warner Cable and in November with Comcast Corp.

Analysts were concerned last year that Crown Media, which is based in Studio City, Calif., was faced with renewing more than half of its cable and satellite licenses at the end of 2007. Kansas City-based Hallmark Cards is a majority owner of Crown Media. Read more

“I am very comfortable with the timing of this transition from my role as CEO, and have the utmost confidence in Tim Newkirk's abilities to lead our company forward”

MGP Ingredients Inc. CEO Ladd Seaberg said Wednesday that he is resigning as CEO effective immediately but that he will continue as the company's chairman. via Kansas City Business Journal

Hurt by higher wheat and corn prices, MGP Ingredients Inc. today reported net income of $5.3 million, or 31 cents in diluted earnings per share, for the second quarter of its fiscal 2008, which ended Dec. via KansasCity.com

“We have been feeling the impact of lower ethanol pricing on distillery profits since the fourth quarter of last fiscal year”

Low prices for ethanol and the rising costs of corn led to a fall in second quarter earnings for Kansas-based MGP Ingredients. via FoodNavigator

“We have been feeling the impact of lower ethanol pricing on distillery profits since the fourth quarter of last fiscal year”

Shares of MGP Ingredients Inc. fell sharply Thursday after the company said inventory write-downs, a weak ethanol business and high corn costs hurt its second-quarter profit. via Canadian Business Magazine

“The higher corn costs only aggravated the situation”

The net income was based on total sales in the quarter of $93.9 million, an increase of 7.2% from a year ago. via Platts

Shares of MGP Ingredients Inc. fell Thursday after the maker of food and beverage ingredients said second-quarter earnings dropped 22 percent. via The Topeka Capital-Journal

RDATE:05022008 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Cadence Pharmaceuticals Inc. via TMCnet

January 24, 2008 MGP Ingredients, Inc. will release its fiscal 2008 second quarter financial results prior to the market's opening on February 7. The company will host a conference call that day at 10 a.m. CT. via Customer Interaction Solutions

Successful investing requires you to think independently and stick to your convictions. via Motley Fool

Thursday, January 3, 2008; Page D04 STOCKS Shares of Sallie Mae, the largest provider of U.S. student loans, fell to their lowest level in seven years after Friedman, Billings, Ramsey cut its profit estimates ... via Washington Post

MGP Ingredients Inc. has received an $8 million settlement stemming from a lawsuit accusing M&Ms maker Mars Inc. of stealing trade secrets and interfering in a third-party business relationship.

The lawsuit centered on the popular dog treats Greenies.

Atchison-based MGP filed a lawsuit in July 2006 alleging that Mars had infringed on a patent it owned to make the dog treats and that Mars had infringed on a contract it had with North Kansas City-based S&M NuTec LLC, which developed Greenies and which was acquired by Mars in April 2006. Read more

MGP Ingredients Inc. has received an $8 million settlement related to a lawsuit against Mars Inc. and others over the formulation it developed to make the popular pet treats, Greenies.

The litigation, filed two years ago, was over patent infringement and contract violations. The Atchison-based company, which makes food ingredients and distillery products, said it used the settlement to reduce its debt. The company also said it has granted the other parties in the litigation a non-exclusive license to use the formulation it created for Greenies. Read more