North Dakota-based oilseed crush plant up for auction Nov. 27

By Ron Kotrba | October 15, 2012

The Northwood Mills Oilseed Plant in Northwood, N.D., just outside of Grand Forks, is being liquidated by Rochester, Minn.-based Maas Companies at a Sheriff’s Foreclosure Auction Nov. 27. The 40-acre facility opened in 2007 and operated for approximately two years, struggling with the economic conditions and volatile pricing for its products. According to Maas Companies, the plant’s equipment is in “pristine condition.”

The plant will be sold as one lot including all real estate, process and auxiliary equipment, storage and completed, furnished office space. The facility was originally used for soybean crushing but also crushed canola, sunflowers, corn germ and flax at a rate of 200 to 300 tons per day. The site has highway access to transport both raw materials and finished products and is adjacent to the Burlington Northern Santa Fe rail line with space for a 30-car rail spur. The original cost to design and build the crush plant was around $10.2 million.

Open house dates for interested parties are scheduled as follows: 

-Monday, Oct. 22, 9 a.m. to 2 p.m.

-Monday, Nov. 5, 9 a.m. to 2 p.m. 

-Monday, Nov. 26, 9 a.m. to 5 p.m.

-Other times by appointment

The Nov. 27 auction will be held on-site at 530 35th Street NE, Northwood, N.D.

 

 
 
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