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    GFGY   US3873661074

GRANITE FALLS ENERGY, LLC

(GFGY)
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Business Summary
Granite Falls Energy, LLC is engaged in the production and sale of ethanol and its co-products, including wet, modified wet and dried distiller's grains, corn oil and corn syrup, locally, and throughout the continental United States. The Company's principal products include fuel-grade ethanol, distiller's grains, and non-edible corn oil. Its ethanol production operations are carried out at its ethanol plant located in Granite Falls, Minnesota and at the ethanol plant operated by Heron Lake BioEnergy, LLC (HLBE) located near Heron Lake, Minnesota. The principal purchasers of ethanol are generally wholesale gasoline distributors or blenders. The Company sells distiller's grains as animal feed for beef and dairy cattle, poultry and hogs. It sells corn oil to diesel manufacturers, feed lot and poultry markets. Project Viking, L.L.C. and Heron Lake BioEnergy, LLC are its subsidiaries.

Number of employees : 82 people.
Sales per Business
20192020Delta
Ethanol161.5977.5%126.6176.6% -21.65%
Distillers' Grains37.0517.8%29.6718% -19.9%
Corn Oil7.593.6%6.594% -13.13%
Natural Gas Pipelines1.430.7%1.410.9% -1.71%
Other1.120.5%0.680.4% -39.62%
USD in Million
Sales per region
20192020Delta
United States208.78100.1%164.9599.8% -20.99%
USD in Million
Managers
Name Title Age Since
Jeffrey N. Oestmann Chief Executive Officer 56 2021
Stacie Schuler Chief Financial Officer & Controller 47 2005
Robin Spaude Member-Governors Board 69 2019
Paul Enstad Chairman-Governors Board 60 2011
Rodney R. Wilkison Vice Chairman-Governors Board 65 2015
Bruce G. LaVigne Member-Governors Board 68 2014
Sherry Jean Larson Member-Governors Board 43 2016
Elizabeth Lewison Investor Services Coordinator & Receptionist - -
Dean Jerome Buesing Secretary & Member-Governors Board 67 2009
Carol Gabbert Manager-Environmental Health & Safety - 2011
Members of the board
Name Title Age Since
Paul Enstad Chairman-Governors Board 60 2011
Robin Spaude Member-Governors Board 69 2019
Rodney R. Wilkison Vice Chairman-Governors Board 65 2015
Dean Jerome Buesing Secretary & Member-Governors Board 67 2009
Kenton Johnson Member-Governors Board 31 2013
Bruce G. LaVigne Member-Governors Board 68 2014
Sherry Jean Larson Member-Governors Board 43 2016
Leslie K. Bergquist Member-Governors Board 59 2020
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 30,606 20,019 65.4% 0 0.0% 65.4%
Shareholders
NameEquities%
Glacial Lakes Corn Processors, Inc. 5,004 16.1%
Steven H. Core 4,071 13.1%
Dean Jerome Buesing 635 2.05%
Bruce G. LaVigne 500 1.61%
Fagen Holdings, Inc. 146 0.47%
Paul Enstad 125 0.40%
Rodney R. Wilkison 100 0.32%
Robin Spaude 55 0.18%
Marten Gerald Goulet 50 0.16%
Leslie K. Bergquist 15 0.048%
Holdings
NameEquities%Valuation
HERON LAKE BIOENERGY, LLC (HLBYL) 24,475,824 38.9% 6,118,956 USD
HERON LAKE BIOENERGY, LLC 15,000,000 100.0% 3,750,000 USD
Company contact information
Granite Falls Energy LLC
15045 Highway 23 SE
Granite Falls, MN 56241-0216

Phone : +1.320.564.3100
Fax : +1.320.564.3190
Web : http://www.granitefallsenergy.com
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