M&A Deal Summary

Pelican Renewables Acquires Alto Ingredients - Stockton Facility

On November 8, 2021, Pelican Renewables acquired chemicals company Alto Ingredients - Stockton Facility from Alto Ingredients for 24M USD

Acquisition Highlights
  • This is Pelican Renewables’ 1st transaction in the Chemicals sector.
  • This is Pelican Renewables’ largest (disclosed) transaction.
  • This is Pelican Renewables’ 1st transaction in the United States.
  • This is Pelican Renewables’ 1st transaction in California.

M&A Deal Summary
Date 2021-11-08
Target Alto Ingredients - Stockton Facility
Sector Chemicals
Buyer(s) Pelican Renewables
Sellers(s) Alto Ingredients
Deal Type Divestiture
Deal Value 24M USD

Target

Alto Ingredients - Stockton Facility

Stockton, California, United States
Alto Ingredients' Stockton Facility is a fuel-grade ethanol operator. Alto Ingredients' Stockton Facility is based in Stockton, California.

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Buyer(S) 1

Buyer

Pelican Renewables

Stockton, California, United States
Category Company
Sector Renewable Energy
DESCRIPTION

Pelican Renewables produce renewable transportation fuels at the Stockton facility and develop a deep geologic CO2 sequestration facility in the Delta. Pelican Renewables is based in Stockton, California.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Alto Ingredients

Pekin, Illinois, United States
Category Company
Founded 2003
Sector Beverages
Employees460
Revenue 1.2B USD (2023)
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 founded in 2003 and is based in Pekin, Illinois.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 1 of 1
Type (Divestiture) 3 of 3
State (California) 2 of 2
Country (United States) 3 of 3
Year (2021) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Alto Ingredients - Madera Facility

Madera, California, United States

Alto Ingredients - Madera Facility is a producer of fuel ethanol. Alto Ingredients' Madera Facility is based in Madera, California.

Sell $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Eagle Alcohol

St. Louis, Missouri, United States

Eagle Alcohol is a distributor of specialty alcohols that delivers products to customers in the beverage, food, pharma, and related-process industries via its own dedicated trucking fleet and common carrier. Eagle Alcohol is headquartered in St. Louis, Missouri.

Buy $15M
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