Altra Nebraska, LLC’s$220 million ethanol plant real estate/equipment will be sold piecemeal at auction Wednesday, October 28, 2009
The partially-completed ethanol plant will be sold piecemeal after an “entirety
purchase” was not received by the Oct. 13 deadline.
CARLETON, Neb.–(Business Wire)–
Maas Companies of Rochester, MN will auction the Altra Nebraska, LLC 110 MGY
partially-completed ethanol plant on Wednesday, October 28, 2009 at 10 a.m.
onsite at 2182 Road 5600, Carleton, Nebraska.
The plant was available for an entirety purchase through Tuesday, October 13,
2009. No party completed the entirety purchase protocol; therefore the plant
will be sold piecemeal at auction. The auction manner of sale will include
offering all real estate as one tract and the equipment or equipment lots
individually. The auction will offer buyers the opportunity to bid in person or
live via the internet.
Altra Nebraska, LLC began construction of this facility in 2006 and work halted
in November 2007 when additional financing could not be obtained due to unseen
economic challenges. The plant was expected to be one of Nebraska`s largest
ethanol plants, employing more than 50 persons and utilizing more than 36
million bushels of corn for feedstock. The liquidation of the assets comes as
part of the Chapter 11 filing in August.
Potential buyers are encouraged to attend the open houses:
Monday, October 26,10 a.m. to 5 p.m.
Tuesday, October 27, 10 a.m. to 5 p.m.
Other times by appointment.
Details of the sale are available at the Maas Companies auction website,
maascompanies.com or by contacting them directly at (507) 285-1444.
Maas Companies Inc. is an international marketing company located in the U.S.A.
with extensive experience in successfully marketing industrial plants,
equipment, and real estate, hospitality and commercial properties worldwide.
Maas Companies Inc.
Tyler Maas, (507) 285-1444 (U.S.A)
Website: maascompanies.com
Copyright Business Wire 2009
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