MGP Ingredients Begins $12M Barrel Warehouse Expansion In Kentucky

by Shivani Kumaresan, Benzinga Staff Writer
February 17, 2022 2:04 PM | 29 seconds read |
  • MGP Ingredients Inc 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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