MGP Ingredients, Inc. (Nasdaq:MGPI) (the "Company") today announced that the Special Committee of MGP's Board of Directors (the "Special Committee") has concluded its previously announced review of the Company's strategic alternatives.
The Special Committee has determined the best approach at this time to enhance long-term shareholder value is to continue execution of the Company's strategic plan to reposition the business for profitable growth.
John R. Speirs, Chairman of MGP commented, "After a thorough review, it became clear that the best path to create value for shareholders was to build momentum with MGP's current strategy. We will strive toward stronger cash flows from our bulk industrial alcohol business, while increasing the percentage of sales derived from higher margin premium spirits and specialty food ingredients.
