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IEO ownership changes

On July 3, the management firm that has operated Inland Empire Oilseeds for the past year, known as 1138, LLC, acquired 75 percent of the company from the original investment group that got the plant up and running. That group (consisting of the Odessa Union Warehouse Cooperative, Reardan Grain Growers, Reardan Seed, Greenstar, Michael Dunlap and Avista) retains ownership of the remaining 25 percent.

Joel Edmonds remains the general manager, the same position he assumed when 1138 took over its management role a year ago. Wally Kempe remains as the chief financial officer and Edmonds’ superviso...

 
 

Reader Comments(1)

ieovictim writes:

IEO filed for chapter 7 bankruptcy on December 27, 2012. Nice job Joel and Wally........