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Stock impact report

85-year-old liquor company closes 2 distilleries, lays off staff [Yahoo! Finance]

MGP Ingredients, Inc. (MGPI) 
Last mgp ingredients, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.mgpingredients.com
Company Research Source: Yahoo! Finance
Every type of alcoholic beverage business has been affected by the downturn in consumption, including craft breweries, wineries, and spirits distilleries. Falling alcohol consumption has led a provider of major distilled spirits brands, MGP Ingredients Inc. , to shutter two key facilities and lay off dozens of workers as it waits for market conditions to improve. MGP Ingredients says it will close two distilleries until at least May 1, 2027, as it waits for the spirits market to improve. Shutterstock MGP Ingredients closes 2 distilleries MGP Ingredients Inc. said it will close distilling operations at its Limestone Branch Distillery in Lebanon, Ky., and Lux Row Distillers in Bardstown, Ky., for a minimum of one year beginning May 1, 2026, according to a company statement. The company will continue distilling operations at its largest facility in Lawrenceburg, Ind., to support its brands, clients, and customers. Closings affect 33 workers MGP Ingredients , which was foun Show less Read more
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