Kansas company to bus 2 Hawkeye ethanol plants in Iowa

Deal expected to close in September

A Kansas Company is announcing that it will acquire the Hawkeye ethanol plants in Menlo and Shell Rock.

Flint Hills Resources says in a news release Tuesday that it signed an agreement on Monday to purchase the plants in Menlo and Shell Rock from The Royal Bank of Scotland.

The Menlo and Shell Rock ethanol plants opened in 2008. Flint Hills says each plant employs about 50 people and each produces about 110 million gallons of ethanol annually.

The purchase price wasn't disclosed. The deal is expected to close in September.

Flint Hills will conduct a full evaluation of each plant's operations, but the company says it does not anticipate making any immediate changes.

Flint Hills also owns a fuel terminal in Bettendorf and a refinery outside St. Paul, Minn.

source: canadianbusiness