Nike China Strategy to Lift Margins Despite $1 Billion Sales Hit, Bernstein Says 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest 
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality 
Sony Raises Full-Year Outlook After Q1 Profit Jumps 40% on Gaming and Chip Growth 
WestJet Cancels 86 Flights as CUPE Strike Threat Disrupts Travel 
Arm Holdings Q1 Earnings Beat Estimates, Strong Q2 Outlook Fails to Lift ARM Stock 
Holcim Raises 2026 Outlook After Strong Q2 Earnings Beat 
Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight 
Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer 
Toyota First-Half Global Sales and Production Decline on Weak China Demand, RAV4 Transition 
Same sparkle, different story: how lab-grown diamonds are transforming the market 
Meta-backed research finds exposure to ‘untrustworthy’ social media is rare. The fine print is less reassuring 
SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027 
Tesla Weighs China Business Separation Amid SpaceX Merger Speculation 
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit 
OpenAI Revenue Surges After GPT-5.6 Launch as IPO Expectations Grow 
ATCHISON, Kan., April 23, 2018 -- MGP (NASDAQ:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, has eliminated the use of all styrofoam and single use plastics, such as cups, plates, utensils, straws and stirrers, at company facilities, replacing those items with compostable and biodegradable alternatives. Timed in alignment with the international observance of Earth Day yesterday, this move represents another step in MGP’s overall sustainability initiative.
“Sustainability is a key component of MGP’s long-term strategic plan, and we are excited to be taking this next step in that effort,” said MGP President and CEO Gus Griffin. “Eliminating single use plastics at all of our facilities will benefit our employees, communities and our planet. This is a significant effort, and clearly demonstrates our ongoing commitment to sustainability.”
This measure follows MGP’s recently announced commitment to source 100 percent of the company’s electricity needs from renewable wind power. The commitment was made through a three-year agreement with Westar Wind, a Green-e certified program offered by Westar Energy. As previously noted, the agreement can be renewed at the end of three years and makes MGP the largest Westar customer to commit to 100 percent renewable electric energy.
To further the company’s sustainability efforts, MGP will continue to explore and invest in additional initiatives to reduce water usage, emissions and waste.
About MGP
Founded in 1941, MGP (Nasdaq:MGPI) is a leading supplier of premium distilled spirits and specialty wheat proteins and starches. Distilled spirits include bourbon and rye whiskeys, gins and vodkas, which are carefully crafted through a combination of art and science backed by decades of experience. The company's proteins and starches are created in the same manner and provide a host of functional, nutritional and sensory benefits for a wide range of food products. MGP additionally is a top producer of high quality industrial alcohol for use in both food and non-food applications. The company is headquartered in Atchison, Kansas, where distilled alcohol products and food ingredients are produced. Premium spirits are also distilled and matured at the company’s facility in Lawrenceburg, Indiana. For more information, visit mgpingredients.com.
Contact: Steve Pickman 913.367.1480
[email protected]
