Hansen-Mueller Asset Sale to Finalized Today

The sale of assets from the Hansen-Mueller bankruptcy will be finalized in a hearing today in Nebraska. Kansas-based Redwood Group has been selected as a successful bidder on spring wheat and oat contracts in Grand Forks; a facility lease and oat contracts in Superior and Duluth and oat contracts in Sioux City. Redwood Group won the bid on business in Kansas City and Houston and railcar leases. North Dakota-based Paterson Grain has the winning bid on a facility lease and oat and barley contracts in Toledo, Ohio. A wheat facility in Sioux City and wheat contracts in Council Bluffs and Kansas City went to West Plains LLC. Hansen-Mueller filed for Chapter 11 bankruptcy last month after failing to pay farmers for grain deliveries.