ALTO · Categories · M&A
ALTO - Mergers and acquisitions
Alto Ingredients Inc. (ALTO) mergers and acquisitions - real-time wire coverage filtered to M&A only.
Recent M&A for ALTO
- Alto Ingredients, Inc. Acquires CO2 Processing Plant Adjacent to Columbia Facility, Bolstering Economics and Increasing Asset Valuation- Secures improved, long-term CO2 sales contract,creating immediate bottom-line accretion and future financial upside - PEKIN, Ill., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ:ALTO), a leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients, announced its wholly-owned subsidiary, Alto Carbonic, LLC, has acquired Kodiak Carbonic, LLC, a beverage-grade liquid carbon dioxide (CO2) processor, for $7.25 million in cash plus working capital on January 1, 2025. The transaction includes an improved, long-term contract for the sale of beverage-grade CO2, which will be immediately accretive to the bottom line, has a compelling payback
- Alto Ingredients Acquires Eagle Alcohol Company, a Leading Distributor of Specialty Alcohols- Downstream integration expected to increase margins, reduce volatility, and create access to new markets -- Acquisition expected to be immediately accretive and grow Adjusted EBITDA by $7 million to $9 million annually in 2023 and beyond -- Closing purchase price funded with cash on hand - SACRAMENTO, Calif., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ:ALTO), a leading producer of specialty alcohols and essential ingredients, has acquired Eagle Alcohol Company LLC, a leading distributor of specialty alcohols headquartered in St. Louis, Missouri. The acquisition is expected be immediately accretive and grow Adjusted EBITDA by $7 million to $9 million annually in 2023