The Andersons Expands Ethanol Holdings

Des Moines Register:

The Andersons, Inc. Maumee, Ohio, which has three ethanol plants in Ohio, Michigan and Indiana, said it has agreed to buy the 55 million gallon ethanol production plant at Denison owned by Amaizing Energy Holding Company, LLC. The transaction, which remains subject to several contingencies, is anticipated to close in the second quarter.
Financial details were not revealed.
Sam Cogdill, Chairman and CEO of Amaizing Energy, stated that the proposed sale will address the liquidity concerns of Amaizing Energy’s membership, while retaining the economic benefits the Denison facility has in the local area.
“Our investors committed to Amaizing Energy to earn a good return on their investment and to further local economic development and we feel great about having met both of those goals,” said Cogdill. “Placing Amaizing Energy on the market while it was a profitable operation has allowed it to reach a fair deal with a great company who we know will operate our plant properly.”

Interesting.  I don't know how strong the ethanol industry will be going forward, but the Andersons has a bunch of cash.