Fort Lauderdale-based Seacor Holdings has sold a subsidiary for $76 million.
Sacramento, California-based Pacific Ethanol announced Tuesday that it had acquired Illinois Corn Processing in a deal consisting of $30 million in cash and $46 million in non-amortizing secured promissory notes. The deal is expected to close in July.
Illinois Corn Processing produces 90 million gallons of fuel-grade ethanol, beverage and industrial-grade alcohol, dry distillers grain and corn oil annually. The Secor subsidiary…