The Andersons to Acquire Harvestone Low Carbon Partners for $915 Million
The Andersons, Inc. has agreed to acquire Harvestone Low Carbon Partners from Energy Capital Partners for $915 million. This acquisition incorporates three ethanol production facilities in North Dakota and Indiana, expanding The Andersons’ annual ethanol capacity to approximately 730 million gallons and strengthening its low-carbon fuel capabilities. The transaction is projected to close in the fourth quarter of 2026 or early in the first quarter of 2027, pending required regulatory approvals and customary closing conditions.
The Andersons, Inc. (ANDE) has entered into a definitive agreement to acquire Harvestone Low Carbon Partners from Energy Capital Partners for $915 million.
Harvestone Low Carbon Partners, described as an industry leader in low-carbon ethanol, owns and operates three ethanol production facilities in North Dakota and Indiana. The acquisition will expand The Andersons’ ethanol production capacity and low-carbon fuels capabilities.
Upon closing, The Andersons’ combined ethanol production platform is expected to have approximately 730 million gallons of annual capacity.
The Andersons expects the transaction to close in the fourth quarter of 2026 or early in the first quarter of 2027. Completion remains subject to required regulatory approvals and other customary closing conditions.
This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.
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