The Superior Express -

Aurora Cooperative Elevator Company (ACEC) has signed a definitive agreement with Pacific Ethanol for the sale of its 74 percent ownership interest in Pacific Aurora, LLC for $52.8 million before adjustments for working capital. Included in the sale are two ethanol production facilities with a combined annual production capacity of 145 million gallons, a grain elevator with storage capacity of 4.1million bushels and integrated rail facilities located at Aurora, Neb. Proceeds will be in the form of $27 million in cash and $16.5 million in promissory notes. The sale is anticipated to close wi...