Brief: Alto Ingredients Acquires Eagle Alcohol Company, A Leading Distributor Of Specialty Alcohols

Alto Ingredients

18/01/2022 13:50

Jan 18 (Reuters) - Alto Ingredients Inc  ALTO.O :
    * ALTO INGREDIENTS ACQUIRES EAGLE ALCOHOL COMPANY, A LEADING
DISTRIBUTOR OF SPECIALTY ALCOHOLS
    * ALTO INGREDIENTS INC - ACQUISITION IS EXPECTED BE
IMMEDIATELY
ACCRETIVE
    * ALTO INGREDIENTS - ACQUIRED EAGLE ALCOHOL COMPANY LLC ON
JANUARY
14, 2022, FOR $14.0 MILLION PLUS AN ESTIMATED NET WORKING
CAPITAL ADJUSTMENT OF $1.3 MILLION
    * ALTO INGREDIENTS INC - ACQUISITION EXPECTED TO GROW
ADJUSTED
EBITDA BY $7 MILLION TO $9 MILLION ANNUALLY IN 2023 AND BEYOND

Source text for Eikon:  ID:nGNX572zjX 
Further company coverage:  ALTO.O 

 ((Reuters.Briefs@thomsonreuters.com;))