This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

MGPI's Plant-Based Biopolymers Are Key To WHAM-O's Eco-Friendly Toy Line

ATCHISON, Kan., June 8, 2010 (GLOBE NEWSWIRE) -- A unique line of wood-based biopolymer composites produced by MGP Ingredients, Inc. (Nasdaq:MGPI) has gained increased significance with the merger of Colorado-based Sprig Toys, Inc. and major toy and game manufacturer WHAM-O, Inc. earlier this year. Called Sprigwood™, the proprietary material is a durable, child-safe bio-composite that MGPI began manufacturing exclusively for Sprig in Sept. 2009. Sprigwood is used to produce an innovative line of battery-free, kid-powered preschool toys that are now part of the new WHAM-O® Jr. division.

As announced in a joint news release issued by WHAM-O and Sprig in February, the strategic partnership between the two companies will enable Sprig's eco-friendly specialty line to be offered on a greater scale and will give WHAM-O access to Sprig's proprietary material.  In addition to Sprig's award-winning products such as the Dolphin Explorer Boat and Eco-Trucks, the WHAM-O Jr. division includes WHAM-O's inflatables and outdoor play products.

"Green materials like Sprigwood are the future of consumer products," said Kyle Aguilar, chief executive officer of WHAM-O. "Together with our commitment to return manufacturing of many WHAM-O toys to the United States in the coming years, the ability to make products from Sprigwood goes a long way toward our goal of reducing WHAM-O's carbon footprint and helping preserve the planet for our children."

The Sprigwood material comes from MGPI's Terratek® WC line of biopolymers, which combine fine wood particles with recycled plastic materials to create firm, smooth pellets for convenient handling and further processing into multiple types of finished products. The biopolymers are produced at the company's facility in Onaga, Kan., where MGPI also manufactures its environmentally-friendly Terratek® SC line of wheat starch-based biopolymers, which have applications in the production of both pliable and hard plastic type products, including partially and fully degradable tableware, golf tees and key cards.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,885.91 +81.11 0.46%
S&P 500 2,071.21 +0.56 0.03%
NASDAQ 4,769.3950 +4.0150 0.08%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs