Altra Nebraska LLC’s $220 Million Ethanol Plant Real Estate and Equipment Scheduled for Auction Wednesday, October 28, 2009
CARLETON, Neb.-(Business Wire)-September 14, 2009 - Maas Companies of Rochester, MN will auction the 110 MGY partially-completed ethanol plant on Wednesday, October 28, 2009 at 10 a.m. on-site at 2182 Road 5600, Carleton, Nebraska.
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 people and utilizing 36 million bushels of corn for feedstock. The liquidation of assets is part of the Chapter 11 filing last month.
The option to purchase the plant as an entirety is available to potential buyers who submit bids prior to Oct. 13 at 5 p.m. After this date, the property will be sold in piecemeal at auction. The auction manner of sale will include all real estate as one tract and the equipment or equipment lots individually. The auction will offer buyers the option of bidding on-site or live via the internet.
Potential buyers are encouraged to attend the following open houses:
| Monday, Sept. 28, 10 a.m. – 5 p.m. | ||
| Tuesday, Sept. 29, 10 a.m. – 5 p.m. | ||
| Monday, Oct. 26, 10 a.m. – 5 p.m. | ||
| Tuesday, Oct. 27, 10 a.m. – 5 p.m. | ||
| Other times by appointment |
Details of the sale are available at the Maas Companies website, maascompanies.com or by contacting the auction company directly at 507-285-1444.
Maas Companies Inc. is an international marketing company with considerable experience in successfully marketing industrial plants, equipment, and real estate, hospitality and commercial properties worldwide.
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