Flint Hills buys two Iowa ethanol plants

Flint Hills Resources plans to acquire the Hawkeye ethanol plants in Menlo and Shell Rock, Iowa.  The Menlo and Shell Rock ethanol plants opened in 2008. The plants each employ about 50 people and each produces about 110 million gpy of ethanol.
 
“This is an exciting opportunity for our company,” said Brad Razook, president of Flint Hills Resources. “These are high-quality, second-generation ethanol plants that are well-positioned to serve major U.S. fuels markets.  Both Menlo and Shell Rock have highly valued, professional workforces, which was an important aspect of our decision to acquire these facilities.”   
 
No purchase price was disclosed; the sale is expected to close in September.

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