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Benzinga
Benzinga
Business
Shivani Kumaresan

MGP Ingredients Begins $12M Barrel Warehouse Expansion In Kentucky

Kentucky Bardstown Williamstown
  • 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.
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