Monday, October 25, 2010

Green Plains (Nasdaq:GPRE) Closes Acquisition of Global Ethanol

Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) said they've closed their acquisition of Global Ethanol, LLC, which they purchased for $169.2 million.

After the acquisition, Green Plains will increase their capacity by 31 percent to about 657 million gallons a year.

Along with producing and distributing ethanol, Green Plains also warehouses and markets grain and petroleum products.

Green Plains closed Friday at $12.29, gaining $0.54, or 4.60 percent.

No comments: