Alto Ingredients Sells Pekin Facility for $23M
Ticker: ALTO · Form: 8-K · Filed: Jun 27, 2025 · CIK: 778164
| Field | Detail |
|---|---|
| Company | Alto Ingredients, Inc. (ALTO) |
| Form Type | 8-K |
| Filed Date | Jun 27, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: divestiture, asset-sale, strategic-shift
TL;DR
Alto Ingredients selling Pekin plant for $23M, closing Q3 2025. Strategic move.
AI Summary
Alto Ingredients, Inc. announced on June 23, 2025, that it has entered into a definitive agreement to sell its Pekin, Illinois specialty alcohols production facility to an undisclosed buyer for $23 million. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions. This sale is part of Alto Ingredients' ongoing strategy to optimize its asset portfolio and focus on its remaining production facilities.
Why It Matters
The sale of the Pekin facility for $23 million signifies a strategic shift for Alto Ingredients, potentially impacting its operational footprint and financial structure as it refocuses its business.
Risk Assessment
Risk Level: medium — The sale price and the fact that the buyer is undisclosed introduce some uncertainty, and the company's future strategy hinges on the successful integration of this divestiture.
Key Numbers
- $23 million — Sale Price (Proceeds from the sale of the Pekin facility.)
- Q3 2025 — Closing Period (Anticipated timeframe for the completion of the sale.)
Key Players & Entities
- Alto Ingredients, Inc. (company) — Registrant
- Pekin, Illinois (location) — Facility location
- $23 million (dollar_amount) — Sale price of Pekin facility
- third quarter of 2025 (date) — Expected closing period
FAQ
What is the exact date of the agreement for the sale of the Pekin facility?
The filing indicates the earliest event reported is June 23, 2025, which is the date of the report and likely the date of the agreement.
Who is the buyer of the Pekin, Illinois specialty alcohols production facility?
The filing states that the buyer is undisclosed.
What are the conditions for the closing of the sale transaction?
The transaction is subject to customary closing conditions.
What is the primary reason for Alto Ingredients selling its Pekin facility?
The sale is part of Alto Ingredients' ongoing strategy to optimize its asset portfolio and focus on its remaining production facilities.
What is the former name of Alto Ingredients, Inc.?
The filing lists former names including Pacific Ethanol, Inc., ACCESSITY CORP, and DRIVERSSHIELD COM CORP.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 27, 2025 regarding Alto Ingredients, Inc. (ALTO).