Guardian Hankinson, LLC announced that it has received $12 million in funding from Lake Area Corn Processors, LLC.
December 18, 2013 at 11:00 pm
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Guardian Hankinson, LLC announced that it has received $12 million in funding from new investor Lake Area Corn Processors, LLC on December 19, 2013. The investor invested for 10% stake in the transaction.
On December 19, 2013, Guardian Hankinson, LLC closed the transaction.
Lake Area Corn Processors, LLC owns and manages an ethanol plant that has a nameplate production capacity of 100 million gallons of ethanol per year through its wholly owned subsidiary Dakota Ethanol, L.L.C. The Companyâs segments include Production and Ethanol Producing Equity Method Investments. The Production segment includes the manufacture and marketing of fuel-grade ethanol and co-products of the ethanol production process. The Ethanol Producing Equity Method Investments segment consists of the aggregation of the Company's two equity method operating segments of investment in Guardian Hankinson, LLC, and investment in Ring-neck Energy & Feed, LLC. Fuel grade ethanol is its primary product. The Company also sells distillers grains and corn oil, the principal co-products of the ethanol production process. The ethanol plant produces at a rates more than 98 million gallons of ethanol per year.
LAKE AREA CORN PROCESSORS, LLC 
