There hasn’t been a heated local proxy battle on my beat since Richard Breeden and Mark Ernst went head to head at H&R Block Inc. in 2007, but MGP Ingredients Inc. is every bit as interesting a story.
Atchison-based MGP Ingredients was founded in 1941 by investment banker Cloud Cray Sr. to produce industrial-grade alcohol. The company later got involved in wheat processing and flour milling during the height of the wheat business in the Kansas City area.
The founder’s son, Cloud Cray Jr., was…
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