Zeeland Freight's Parent Co. Acquires Ethanol Plant
ZEELAND, MI --- Zeeland Farm Services Inc., a Michigan-based agricultural and transportation company, has agreed to purchase an ethanol plant in Cambridge, Neb., for $30.1 million.
Zeeland already encompasses four separate companies: Zeeland Farm Services, Zeeland Freight Services, Zeeland Farm Soya (which produces soy biodiesel) and Zeeland Food Services.
The deal was made during a bankruptcy auction for Mid America Agri Products/Horizon LLC.
Zeeland Farm Services is launching a new subsidiary, Nebraska Corn Processing, which will run the ethanol plant operation. The 44 MMgy ethanol plant in Cambridge has been idle for the past year.