US BioEnergy, VeraSun will move HQ to Sioux Falls

US BioEnergy Corp. and ethanol maker VeraSun Energy said Wednesday that the companies' combined headquarters will move to Sioux Falls, S.D., this year.

Brookings, S.D.-based VeraSun announced in December that it would buy US BioEnergy in an all-stock deal worth an estimated $686.2 million. At that time, VeraSun (NYSE: VSE) and US BioEnergy had not determined where the new company's headquarters would be located.

Ethanol maker US BioEnergy (Nasdaq: USBE) has about 65 employees at its headquarters in Inver Grove Heights, said Don Endres, VeraSun CEO and chairman. A portion of those employees will relocate to Sioux Falls, though a specific number hasn't been determined, he said. Integration of the two businesses should be complete by summer.

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