An ethanol plant that has become one of the largest producers of grain-based, high quality specialty alcohols in the country now has a new owner.

CC Industries, Inc. (“CCI”) recently announced that it has acquired CIE. Headquartered in Marion, Indiana, CIE operates a world-class, commercial-scale distillery, which serves customers from Fortune 500 spirit, food and fragrance brands to niche artisan craft distilleries. Ocean Park acted as exclusive financial advisor to CIE on the transaction. Financial terms of the transaction were not disclosed.

Originally built as an ethanol plant in 2007, it was retrofitted to produce Grain Neutral Spirits under the leadership of CEO and President Ryan Drook. The Company’s alcohols are highly sought after across various high-value end markets, including spirits, beauty and personal care, food and flavorings, medical-life sciences and other industrial uses.

CCI, a family-owned holding company based in Chicago, will maintain the current leadership and staff at the facility.