MGP Consolidating Protein, Starch Operations

ATCHISON, Kan. (AP) _ MGP Ingredients is shutting down its
starch and protein manufacturing operations at its Illinois plant
and consolidating them at its facility in Atchison.
The company says it is cutting from 70 to 80 jobs companywide,
including 40 at the plant in Pekin, Illinois. Last month MGP
Ingredients announced it was closing its flour mill in Atchison,
forcing the layoff or early retirement of 44 people.
Company spokesman Steve Pickman says the distillery at the Pekin
plant will continue operating.
MGP expects to take a nearly $7 million noncash charge for the
moves, plus a $3 million loss from sales of wheat no longer needed
for milling. It expects to make up $1.2 million of that in deferred
gains, but will incur about $2.5 million in severance-related
charges.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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