White Dog Labs buys former ethanol plant in Little Falls
31 Aug 2020
New Business, Economic Development, Manufacturing, Business, Agriculture, Workforce
White Dog Labs, a biotech firm pursuing new types of sustainable food technology, has acquired a shuttered ethanol plant in Little Falls, Minn., for $9.2 million.
Finance & Commerce reports on the deal for the former Central MN Renewables facility, which closed last summer. Owner Green Biologics, based in the United Kingdom, closed the plant last year and sold it to NuMake LLC, an affiliate of White Dog based in New Castle, Delaware.
The sale was disclosed in a certificate of real estate value filed earlier this month.
The deal has been in the works for a while; White Dog talked about its plans for Little Falls earlier this year with Minne Inno, a sister publication to the Business Journal.
The company is working with food-manufacturing giants like Cargill Inc. to develop new means of feeding fish in aquaculture facilities. Currently, farmed fish like salmon are fed ground-up sardines, but there's a high demand to develop alternative sources of protein.