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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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