Alto ingredients, inc. sells its stockton facility

Sacramento, calif., nov. 08, 2021 (globe newswire) -- alto ingredients, inc. (nasdaq: alto), a leading producer of specialty alcohols and essential ingredients, announced today it has sold its fuel ethanol production facility in stockton, ca to pelican acquisition llc for $24.0 million in cash, of which $16.2 million of the proceeds were used to retire the remaining portion of the company's outstanding term debt. the company is now term debt free.
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