REX American Resources
| Company type | Public |
|---|---|
| Industry | Energy |
| Founded | 1980 |
| Headquarters | Dayton, Ohio , United States |
Area served | United States |
| Products | Ethanol, distillers grains, natural gas |
REX American Resources Corp. (REX; ) is a U.S.-based producer and marketer specializing in ethanol, distillers grains, and natural gas, functioning as a holding entity within the energy industry. Established in 1980 and headquartered in Dayton, Ohio, the company wholly owns three subsidiaries: Rex Radio and Television, Inc., Stereo Town, Inc., and Kelly & Cohen Appliances, Inc. By 2012, REX operated 22 retail outlets across the nation and held investments in five ethanol manufacturing companies throughout the United States. One significant asset, One Earth Energy, LLC, boasts an annual production capacity of 100 million gallons of ethanol along with 320,000 tons of dried distillers grains. The firm withdrew from its retail operations in 2009 to concentrate on energy ventures and adopted its current corporate name in 2010.
Background
Initially focused on retail operations, REX transitioned its core business to energy in 2009 and was renamed REX American Resources Corporation the following year. The company is divided into two primary divisions: Alternative Energy and Real Estate. The Alternative Energy division encompasses investments such as One Earth Energy, NuGen Energy, Patriot Renewable Fuels, Levelland Hockley County Ethanol (which is presently inactive), along with other portfolio holdings. The Real Estate division manages leasing activities for approximately 281,000 square feet of retail property to various tenants. As of March 2014, REX’s market capitalization stood at $418.23 million with an enterprise value of $412.31 million.