M&A Deal Summary

Alto Ingredients Acquires Illinois Corn Processing

On June 27, 2017, Alto Ingredients acquired chemicals company Illinois Corn Processing for 76M USD

Acquisition Highlights
  • This is Alto Ingredients’ 1st transaction in the Chemicals sector.
  • This is Alto Ingredients’ largest (disclosed) transaction.
  • This is Alto Ingredients’ 2nd transaction in the United States.
  • This is Alto Ingredients’ 1st transaction in Illinois.

M&A Deal Summary
Date 2017-06-27
Target Illinois Corn Processing
Sector Chemicals
Buyer(s) Alto Ingredients
Deal Type Add-on Acquisition
Deal Value 76M USD

Target

Illinois Corn Processing

Pekin, Illinois, United States
Illinois Corn Processing LLC is a producer of fuel-grade ethanol, beverage and industrial-grade alcohol, dry distillers grain (DDG) and corn oil. Illinois Corn Processing is based in Pekin, Illinois.

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Buyer(S) 1

Buyer

Alto Ingredients

Pekin, Illinois, United States

website

Category Company
Founded 2003
Sector Beverages
Employees439
Revenue 1.2B USD (2021)
DESCRIPTION

Alto Ingredients is a producer of specialty alcohols and essential ingredients. The company is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels. The company’s customers include major food and beverage companies and consumer products companies. Alto Ingredients was incorporated in 2003 and is based in Pekin, Illinois.

DEAL STATS #
Overall 2 of 3
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-31 Aventine Renewable Energy

Dallas, Texas, United States

Aventine Renewable Energy is the second largest producer and marketer of ethanol in the United States. Aventine Renewable Energy was founded in 1995 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Pacific Aurora

Aurora, Nebraska, United States

Pacific Aurora LLC comprises two ethanol production facilities with a combined annual production capacity of 145 million gallons, a grain elevator with a storage capacity of 4.1 million bushels and integrated rail facilities located in Aurora, Nebraska.

Sell $53M
Mergr

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