NEWS
Fri Jul 12, 2013 02:47 PM CDT

Judge OKs Ace Energy's Purchase of Oshkosh Ethanol Plant

NEW YORK (DTN) -- A bankruptcy judge on Thursday, July 11, approved the purchase of a 50-million-gallon-a-year ethanol plant in Oshkosh, Wis., by Ace Ethanol for $16.5 million, said Robert Sather, public affairs director for Ace.

Sather told Schneider Electric on Friday that the deal won't be finalized until July 26 when shareholders of the plant will hold a meeting to approve the sale.

Ace Ethanol currently owns a 60-million-gallon-a-year ethanol plant in Stanley, Wis., so the purchase of the Oshkosh plant will bring the total capacity of the producer to ...

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