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Distilled spirits producer and speciality food ingredient manufacturer MGP Ingredients, Inc. has officially completed its corporate rebrand, adopting the new enterprise name Sempreon, Inc. and transitioning its Nasdaq ticker symbol to CASK.
The corporate name change follows an initial announcement on 15 October and is accompanied by the rollout of a unified digital platform at sempreon.com. Built on an 85-year operating heritage, the restructured entity aligns its commercial capabilities under a single identity across three reporting divisions: Branded Spirits, Distilling Solutions, and Ingredient Solutions.
The enterprise overhaul reflects the business's long-term commercial transition from a regional commodity grain processor into an integrated spirits brand owner, contract distilling partner, and value-added food ingredient developer.
"Today marks an important milestone for Sempreon and the future of our company," said Julie Francis, President and Chief Executive Officer of Sempreon.
"Our strength comes from the expertise across our three businesses and the relationships we've built with our customers and partners. As Sempreon, we're focused on continuing to build on those strengths and pursuing new opportunities for growth while delivering the quality and innovation our customers expect."
Three Dedicated Operating Divisions
The corporate architecture structures Sempreon's commercial operations across three business pillars:
🥃 Branded Spirits: Manages a proprietary spirits portfolio spanning super-premium, premium, mid-tier, and value price tiers. Core labels include Penelope Bourbon, Yellowstone Bourbon, Rebel Bourbon, Remus Bourbon, Ezra Brooks Bourbon, Blood Oath Bourbon, and Lux Row Bourbon, alongside agave spirits El Mayor Tequila, Exotico Tequila, and Juarez Tequila, as well as high-proof spirit Everclear. Distilling and bottling infrastructure includes American whiskey facilities in Indiana and Kentucky, an agave distillery in Arandas, Mexico, and packaging sites across Missouri, Ohio, and Northern Ireland.
🍸 Distilling Solutions: Provides contract distilling, ageing, and blending services to third-party drink brand owners, supplying bulk bourbon, rye whiskey, American whiskey, gin, and grain neutral spirits (GNS). Operating out of the historic distillery in Lawrenceburg, Indiana, the division has partnered with more than 1,000 whiskey brand owners since 2012, while producing white spirits bases for leading multinational vodka and gin trademarks.
🌾 Ingredient Solutions: Develops and processes speciality wheat-based functional proteins, native and modified starches, dietary fibres, and texturised vegetable proteins for commercial food processors. The unit focuses on clean-label formulation, crumb texture enhancement, moisture management, and protein fortification across industrial bakery, snack foods, pet nutrition, and plant-based formulations.
Identity and Commercial Transition
The transition from MGP Ingredients to Sempreon formalises a decade-long strategic transformation. Historically known as Midwest Grain Products, the company previously operated primarily as an industrial starch and bulk alcohol supplier before executing major downstream spirits acquisitions, notably Luxco in 2021 and Penelope Bourbon in 2023.
By retiring the legacy acronym in favour of Sempreon and securing the ticker CASK, the company provides clearer differentiation for equity markets and commercial clients between its consumer-facing brand business and its contract business-to-business processing assets.
"When we developed Sempreon, we wanted a name that reflected the strength of our entire business while honouring the legacy that brought us here," said Matias Bentel, Chief Marketing Officer of Sempreon.
"Sempreon brings our businesses together under one identity and gives us a strong foundation for the future. While our name is changing, our commitment to consumers, customers and partners remains the same. They can continue to count on the quality, expertise and service they have come to trust, while looking forward to new innovations and opportunities as we continue to grow."
The company's common stock commences trading under the new ticker symbol CASK on the Nasdaq Global Select Market effective today.
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