Today the company announced it has signed an exclusive letter of intent to acquire Ace Ethanol, LLC for $102.5 million. Ace Ethanol operates a 46 MM gallon per year Delta T design production facility in Stanley, WI.
Dean Sukowatey, president of ALL Fuels & Energy “We are pleased to have reached this stage in our purchase of a quality ethanol producer with over $100 million in revenues and EBITA of over $33 million in 2006. ACE fits our model and strategically moves us closer to producing our goal of 500 MM gallons per year. We have worked with Ace for many months to structure terms that are beneficial for our shareholders as well as theirs. We look forward to the ACE member vote and the closing of this acquisition.”
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