MGP Ingredients to close Atchison distillery, shares rise

MGP Ingredients

13/07/2023 17:58

** Shares of spirits maker MGP Ingredients Inc  MGPI.O  up
1.2% at $110.9
    ** Co says it will shut down its distillery in Atchison,
Kansas by January 2024 
    ** Says shuttering the distillery will likely boost
consolidated gross margins in 2024
    ** Adds it will continue to operate and invest in Ingredient
Solutions business in Atchison, Kansas
    ** MGPI shares up 4.3% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))