People & Business :: Emerging Companies
Renewable butanol producer agrees to acquire bioethanol maker in Minnesota
8:32 AM MDT | September 12, 2013 | Francinia Protti-Alvarez
Green Biologics, Inc. (GBI; Gahanna, OH), a technology developer and biobased chemicals producer, has entered into an exclusive letter of intent to acquire substantially all of the assets of Central MN Ethanol Co-op (CMEC; Little Falls, MN), an ethanol producer, the companies have announced. They have reached preliminary agreement on the key terms of the proposed transaction. The companies are negotiating the final terms to be documented in the asset-purchase agreement and all related documentation is being finalized. No financial details have been...
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