Dual roles cemented at US ethanol plants

Two ethanol plants situated close by in Minnesota, US have formed a relationship via a new business deal.

Granite Falls Energy has acquired a majority interest in Heron Lake BioEnergy and the facilities will share three management positions between them.

The three individuals now stretching their roles over to Heron are Granite CEO and general manager Steve Christensen, risk manager Eric Baukol and chief financial officer Stacie Schuler.

The move comes as Heron CEO Bob Ferguson reportedly aimed to retire from his position via an asset acquisition agreement with Guardian Energy Heron Lake earlier this year. But it failed and meant he had to stay on.

The terms of the purchase have not been divulged.