The Andersons Inc. said it has an agreement to acquire an ethanol plant in Denison, Iowa.
The Maumee-based agribusiness said the purchase from Amaizing Energy Denison LLC and Amaizing Energy Holding Company LLC, is subject to conditions but is expected to be completed in the second quarter.
The plant, which was built in 2005 and has 42 employees, can produce 55 million gallons of ethanol annually and has an adjacent 2.7-million-bushel grain terminal. It is to be owned by The Andersons Denison Ethanol LLC, a wholly owned subsidiary of The Andersons, and would become its first ethanol plant west of the Mississippi River.
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