Integrated Grain Processors (IGPC) of Aylmer, Ont., has been sold to Belgian company Alco.
It was started in 2002 by local farmers and businesses with support from governments and opened in 2007 to produce ethanol from Ontario corn.
Shareholders asked the board of directors to find a way they could realize the increasing value of the company since shares, one per person, were difficult to trade.
It took two years to land the deal which now will be named AlcoEnergy.
