Strategic Value Partners has acquired food ingredient and ethanol businesses from White Energy. Financial terms were not disclosed. The purchase includes two integrated plants in Russell, Kansas: the nation’s largest vital wheat gluten manufacturing facility and one of the nation’s most cost-efficient ethanol production facilities. “As a long-term investor in White Energy, we are intimately familiar with the Russell facilities, which have a unique competitive position in the food ingredient and renewable energy markets. We believe this business can be improved even further by focusing on Russell as a standalone operation,” Victor Khosla, SVPGlobal’s founder and chief investment officer.