Source: Flint Hills Resources

Flint Hills Resources plans to acquire the Hawkeye ethanol plants in Menlo and Shell Rock, Iowa. On Aug. 16, 2010, Flint Hills Resources signed an agreement for the purchase of the plants with The Royal Bank of Scotland plc.

The Menlo and Shell Rock ethanol plants opened in 2008. The plants each employ about 50 people and each produces about 110 million gallons of ethanol annually.

"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."

Original news release