Auction PR Publicity Announcements News and Information
Auction PR Publicity Announcements News and Information

Altra Nebraska, LLC’s $220 million ethanol plant real estate/equipment for Auction

Maas Companies of Rochester, MN will auction the Altra Nebraska, LLC 110 MGY partially-completed ethanol plant on Wednesday, October 28, 2009 at 10 a.m. onsite at 2182 Road 5600, Carleton, Nebraska.

The plant was available for an entirety purchase through Tuesday, October 13, 2009. No party completed the entirety purchase protocol; therefore the plant will be sold piecemeal at auction. The auction manner of sale will include offering all real estate as one tract and the equipment or equipment lots individually. The auction will offer buyers the opportunity to bid in person or live via the internet.

Altra Nebraska, LLC began construction of this facility in 2006 and work halted in November 2007 when additional financing could not be obtained due to unseen economic challenges. The plant was expected to be one of Nebraska’s largest ethanol plants, employing more than 50 persons and utilizing more than 36 million bushels of corn for feedstock. The liquidation of the assets comes as part of the Chapter 11 filing in August.

Potential buyers are encouraged to attend the open houses:

Monday, October 26, 10 a.m. to 5 p.m.

Tuesday, October 27, 10 a.m. to 5 p.m.

Other times by appointment.

Details of the sale are available at the Maas Companies auction website, or by contacting them directly at (507) 285-1444.

Maas Companies Inc. is an international marketing company located in the U.S.A. with extensive experience in successfully marketing industrial plants, equipment, and real estate, hospitality and commercial properties worldwide.

Maas Companies Inc.
Tyler Maas, (507) 285-1444 (U.S.A)