The two companies announced plans to get hitched back in late November and the marriage is expected to be finalized by the end of the first quarter of 2008, with the completion of the transition to the new headquarters targeted for the end of the summer. VeraSun is currently located in Brookings, SD while US BioEnergy is headquartered in St. Paul, MN.
Don Endres, VeraSun Chairman and CEO said “The primary objectives in determining a final location included the ability to retain and recruit an expanded workforce, the overall cost of doing business, proximity to our growing fleet of ethanol production facilities, access to travel and quality of life for our employees. When we evaluated all of the criteria, Sioux Falls emerged as the best location to meet our business objectives.”
Gordon Ommen, US BioEnergy President and CEO and future VeraSun Chairman said “Our biorefineries in Minnesota and South Dakota will employ hundreds of people and contribute significantly to agricultural markets and local and regional businesses and industries.”