Turnspire acquires LifeLine Foods, ICM Biofuels in St. Joseph
ST. JOSEPH, Mo. (KQTV) -- Turnspire Capital Partners LLC, a business investor, announced it has acquired LifeLine Foods LLC and ICM Biofuels LLC.
The operations are now combined under The LifeLine Group ("Lifeline"), with the food business continuing to operate as LifeLine Foods, and the biofuels business being rebranded as Lifeline Biofuels.
LifeLine, a business headquartered in St. Joseph, is a leading manufacturer of corn-based products, such as corn starch, masa and other ingredients.
According to a press release, LifeLine Biofuels leverages a starch stream from the food business to produce renewable fuels and other value-added products with lower carbon intensity, creating synergies that enhance efficiency and sustainability across the platform.
AgraMarke Quality Grains, Inc., a Missouri cooperative of corn farmers, is Turnspire's partner in the formation.
Along with the ownership change, the company also appointed Jeremy Bezdek as the president and chief executive officer of LifeLine.
Bezdek spent 26 years at Koch Industries, where he led the growth of Flint Hill Resources' biofuels business.
"I appreciate the confidence that Turnspire has placed in me and the exceptional LifeLine team. Through the transaction process, I have seen Turnspire's commitment to operational excellence and disciplined value creation; together, we build on LifeLine's strong foundation to create a best-in-class platform," said Bezdek.
Turnspire Partner Abel S. Osorio said the partnership expands opportunities.
"We are thrilled to unify the LifeLine platform under a shared vision for growth. LifeLine operates at the intersection of food and renewable energy, where we see meaningful opportunities to enhance performance, expand capabilities, and build long-term value," Osorio said.
AgraMarke is made up of over 600 progressive farmers who deliver corn daily to LifeLine for further processing into food ingredients, ethanol and related products. The group also founded LifeLine in 2001.
