Two Ethanol Companies Merge

Cindy Zimmerman

Alternative Energy Sources, Inc. has completed a stock-to-stock merger with Beemer Energy, led by CEO Mark A. Beemer and Chief Operating Officer Lee Blank, both former executives of Archer Daniels Midland Company, the largest producer of ethanol. According to a news release, Beemer is a privately held Delaware corporation engaged in the development of “green-field” ethanol sites, the conversion of existing industrial facilities to ethanol production and the management of ethanol businesses. The merger resulted in Beemer Energy becoming a publicly traded company, and Beemer’s management and board of directors have assumed operational control of Alternative Energy. Beemer and Blank bring extensive management and leadership abilities to Alternative Energy Sources.