MGP Ingredients Announces Election of David Bratcher to Board of Directors
11 Dicembre 2023 - 10:05PM
MGP Ingredients, Inc. (Nasdaq: MGPI), a
leading provider of distilled spirits, branded spirits, and food
ingredient solutions, announced today that David Bratcher was
elected as a Group B member of the Board of Directors of MGP
Ingredients, effective January 1, 2024, by the Company’s preferred
stockholders at a special meeting of stockholders.
Bratcher, who will become the Company’s next
Chief Executive Officer and President, effective January 1, 2024,
is a longtime beverage alcohol industry veteran and executive. He
joined MGP following the Company’s April 2021 merger with Luxco,
Inc. and since then has served as Chief Operating Officer and
President of Branded Spirits, roles in which he has managed the
overall MGP business, as well as directly overseeing the Company’s
extensive and award-winning branded spirits portfolio. Prior to the
2021 Luxco merger, Bratcher served in several leadership roles at
Luxco since 1998, including serving as Luxco’s President since
2013. Before joining Luxco, Bratcher served in financial and
operational roles for a number of consumer product companies,
including international spirits company Allied Domecq, the
second-largest spirits company in the world at the time.
“I am pleased to see David’s appointment to the
Board of Directors and am proud of our deliberate succession
planning process to ensure this seamless transition,” said Karen
Seaberg, Chairman of the Board of MGP Ingredients. “David Bratcher
has a proven track record as a leader and is uniquely equipped to
successfully lead the next chapter of MGP’s growth story.”
About MGP Ingredients, Inc.MGP
Ingredients, Inc. (Nasdaq: MGPI) is a leading producer of premium
distilled spirits, branded spirits, and food ingredient solutions.
Since 1941, we have combined our expertise and energy aimed at
formulating excellence, bringing product ideas to life
collaboratively with our customers.
As one of the largest distillers in the U.S.,
MGP’s offerings include bourbon and rye whiskeys, gins, and vodkas,
which are created at the intersection of science and imagination,
for customers of all sizes, from crafts to multinational brands.
With distilleries in Kentucky and Indiana, and bottling operations
in Missouri, Ohio, and Northern Ireland, MGP has the infrastructure
and expertise to create on any scale.
MGP’s branded spirits portfolio covers a wide
spectrum of brands in every segment, including iconic brands from
Luxco, which was founded in 1958 by the Lux Family. Luxco is a
leading producer, supplier, importer, and bottler of beverage
alcohol products. Our branded spirits mission is to meet the needs
and exceed the expectations of consumers, associates, and business
partners. Luxco’s award-winning spirits portfolio includes
well-known brands from four distilleries: Bardstown, Kentucky-based
Lux Row Distillers, home of Ezra Brooks, Rebel, Blood Oath, David
Nicholson and Daviess County; Lebanon, Kentucky-based Limestone
Branch Distillery, maker of Yellowstone Kentucky Straight Bourbon
Whiskey, Minor Case Straight Rye Whiskey and Bowling & Burch
Gin; Jalisco, Mexico-based Destiladora González Lux, producer of
100% agave tequilas, El Mayor, Exotico and Dos Primos; and the
historic Ross & Squibb Distillery in Lawrenceburg, Indiana,
where Penelope Bourbon, Remus Straight Bourbon Whiskey and
Rossville Union Straight Rye Whiskey are produced. The innovative
and high-quality brand portfolio also includes Everclear Grain
Alcohol, Pearl Vodka, Green Hat Gin, Saint Brendan’s Irish Cream,
The Quiet Man Irish Whiskey, and other well-recognized brands.
In addition, our Ingredient Solutions segment
offers specialty proteins and starches that help customers harness
the power of plants and provide a host of functional, nutritional,
and sensory benefits for a wide range of food products.
The transformation of American grain into
something more is in the soul of our people, products, and history.
We’re devoted to unlocking the creative potential of this
extraordinary resource. For more information, visit
mgpingredients.com.
For More InformationInvestors &
Analysts:Mike Houston646-475-2998 or
investor.relations@mgpingredients.com
Media:Greg Manis913-360-5440 or
greg.manis@mgpingredients.com
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