Green Plains and Great Lakes discuss merger benefits

Green Plains Renewable Energy (GPRE) and the Great Lakes co-operative are set to merge under an agreement that brings together Great Lakes’ corn production capacity with Green Plains’ manufacturing, financial and marketing capabilities. They discussed merger benefits in a report published this week.

The origin of the deal is reported to be efforts by Great Lakes to provide corn for Green Plains’ 50 Mgy Superior, IA plant, scheduled to open in 2008. The company opened its 50 Mgy corn ethanol plant at Shenandoah, IA last week.

If the proposed merger is approved, co-op members will receive a combination of cash and stock.

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