All Fuels & Energy Company rose more than 12% in trading today after announcing that it has completed an engineering assessment on a potential acquisition. An assessment is the first step in evaluating the funding and operational requirements of a merger candidate. Now that it has been completed the company will thoroughly evaluate this assessment and potentially make a formal offer in the near future. All Fuels & Energy’s pursuit of this acquisition is in line with the company’s business plan for acquiring and building 500 million gallons of annual ethanol production.
All Fuel & Energy, is still a developmental stage company but it is organized to operate as an ethanol producer, focusing primarily on the production and sale of ethanol and its co-products. To date, AFSE has obtained $2 million in private equity funding, purchased 150 acres to build its proposed ethanol production facility in Manchester, Iowa, and signed a five-plant engineering and design agreement.
To help with ethanol production they have engaged partnerships with Natural Resources Group to handle water-related environmental matters relating to the proposed Manchester ethanol production facility. They also teamed with Yaggy-Colby to handle air-related environmental matters relating to the proposed Manchester ethanol production facility.
All Fuels & Energy considers management to be one of the most critical factors in starting a new business. The founders, Dean Sukowatey, James Broghammer, Scott Zabler, Bibb Swain, and Mark Leonard are leading the construction and managing the ethanol business. Combined, they have over 100 years of business experience, and are poised to turn this business into a successful venture for themselves and shareholders.
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