Cargill acquires grain-handling assets of former Altra Nebraska LLC ethanol facility
Date: Oct. 29, 2009
Media Contact: David Feider, 952-742-6910, david_feider@cargill.com
CARLETON, Neb. - Through a local bidding process completed yesterday, Cargill has acquired the rights to the land and grain handling assets of the former Altra Nebraska LLC ethanol facility in Carleton, Neb. Construction on the Altra facility began in 2006 and was approximately half complete in November 2007 when work stopped after its owners were unable to secure additional financing. Cargill will take possession of the assets effective Nov. 4, 2009.
The facility is located on the outskirts of Carleton in Thayer County and one-half mile from the existing Cargill AgHorizons grain handling facility. According to Robert Racek, regional Farm Service Group leader for Cargill AgHorizons, the new asset will complement Cargill's existing grain handling capabilities.
"This facility is a valuable asset to the entire region, and we intend to invest further in optimizing its value for our producer customers," said Racek. "While we will have to make additional enhancements to the facility to make it fully operational, we are determined to leverage this opportunity to offer more flexibility to area crop producers in terms of the delivery, storage, handling and marketing of their grain."
Cargill AgHorizons's regional Aksarben farm service group also operates grain handling facilities in Albion, Lincoln, O'Neil, and Ord, Neb., along with Council Bluffs, Iowa.
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About Cargill
A business unit of Cargill, Incorporated, Cargill AgHorizons (www.cargillag.com) is a customer-focused organization working to bring product and service solutions to producers. Cargill is an international provider of food, agricultural and risk management products and services. With 159,000 employees in 68 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed. For more information, visit http://www.cargill.com.
