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- MGP Ingredients Inc (NASDAQ:MGPI) said it had begun a $12 million barrel warehouse expansion to meet growing consumer demand for its American whiskey.
- The company noted construction of the new barrel warehouse facility has begun in Williamstown, Kentucky. The project is slated for completion by the 2022-end.
- The company had recently announced a $4 million expansion of the Lux Row Distillers facility in Bardstown, Kentucky.
- Price Action: MGPI shares are trading lower by 1.73% at $77.85 on the last check Thursday.