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For pasta and noodle applications, MGPI provides specialty proteins that increase textural firmness and improve tolerance to over cooking.
MGPI also offers an impressive array of textured plant proteins that can enhance processed meat, poultry and seafood products, as well as create tasty meat analogs for vegetarian diets.
MGPI's Fibersym[TM] resistant starches enhance the fiber content of bakery goods, pasta, cereal, crackers and other snack items, providing healthier choices for consumers without sacrificing taste and other sensory qualities.
Under the transaction, the companya[euro](tm)s unit, MGPI of Indiana LLC, bought LDIa[euro](tm)s alcohol fermentation and distillation operations, the bulk barrel storage facilities, its blending actitivities along with a tank farm, the buyer said in a statement.
MGPI has paid about USD11m (EUR8.4m) for the business in cash using bank financing.
With this acquisition, MGPI boosts its production capacity in the food grade alcohol field and improves its service and distribution capabilities.
* MGP Ingredients, Inc.(NASDAQ: MGPI) shares fell 25.5% to close at $49.99 after reporting downbeat Q2 results.
* MGP Ingredients (NASDAQ: MGPI) shares made a new 52-week low of $53.52 on Wednesday.
* MGP Ingredients, Inc.(NASDAQ: MGPI) shares declined 26.3% to $49.51 after reporting downbeat Q2 results.
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