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People & Business :: M&A

CHS to acquire Illinois River Energy ethanol plant

8:38 AM MDT | May 1, 2014 | Natasha Alperowicz

CHS (St. Paul, MN), North America's leading farmer-owned cooperative and a global energy, grains, and foods company, said on Wednesday that it has signed an agreement with Sinav (London) to acquire 100% of the company's stock, which includes Illinois River Energy, a 133-million gal/year ethanol plant at Rochelle, IL. The transaction is expected to close in June, provided all conditions are met.   "Illinois River Energy is a top-tier ethanol plant, well situated in a strategic growth area that will add value to our farmer owners through expanded grain...

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