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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