ALL Fuels & Energy Company announced that Ace Ethanol held a special meeting Saturday, and decided to take negotiations to the next level by discussing terms of a definitive agreement with ALL Fuels & Energy Company.
Ace Ethanol operates a 46 MM gallon per year Delta T design production facility in Stanley, WI. The management of ALL Fuels & Energy believes that the company fits its business model and will be beneficial to its shareholders.
Dean Sukowatey, AFSE’s President, stated, “We couldn’t be more pleased with the outcome of Saturday’s vote and look forward to closing this transaction before the end of the third quarter.”
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