Alto Ingredients acquires CO2 processing plant for $7.25M in cash

Alto Ingredients (ALTO) announced its wholly-owned subsidiary, Alto Carbonic, has acquired Kodiak Carbonic 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 timeline and provides potential expansion opportunities.