More than ethanol in Green Plains' tank: Company turns to adjacent businesses - Omaha World Herald
Article by Russell Hubbard - Oct. 24, 2016
Green Plains is in a bid to corner every use for a kernel of corn. It’s been spending aggressively on acquisitions as part of the effort — acquisitions shareholders will expect to soon pay off in higher profits and fewer stomach-churning downturns.
The new assets — three Midwest ethanol plants bought in September and a California-based vinegar producer purchased this month — have been around only a few weeks. Together, they cost $500 million; longtime employees remember just a few years ago fretting about spending just $10 million for what was then a major plant acquisition.