MGP Ingredients will idle two Kentucky distilleries as oversupply pressures the whiskey market, impacting 33 jobs while maintaining operations at its Indiana facility.
Lower brown goods sales and operational challenges weigh on annual performance.
Julie Francis takes the helm at MGP Ingredients as the distiller faces ongoing financial pressures and whiskey production cuts.
The distiller and ingredient supplier faced a tough first quarter with revenue dips across major segments and increased liabilities.