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November 19, 2012
10:20 EDTREGIRenewable Energy purchases 15M gallon-per-year biodiesel production plant
Renewable Energy Group announced the purchase of a 15M gallon-per-year biodiesel production plant near Atlanta, Georgia. The multi-feedstock facility, which will operate as REG Atlanta, is located in Ellenwood, Georgia, 11 miles southeast of Atlanta with easy access to major Southeast transportation routes. REG acquired the former BullDog Biodiesel operation for cash and in-kind consideration of approximately $2.6M. No stock was issued related to the deal, the company said. The company has not yet set a production date for the re-start of the former BullDog Biodiesel facility, which has run intermittently since January 2008.
News For REGI From The Last 14 Days
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February 3, 2016
07:16 EDTREGIRenewable Energy to acquire Sanimax biodiesel plant in cash and stock deal
Renewable Energy Group has signed an asset purchase agreement with Sanimax Energy, LLC to acquire Sanimax's 20 million gallon nameplate capacity biodiesel refinery located in DeForest, Wisconsin. Under the asset purchase agreement, REG will pay Sanimax approximately $11 million in cash and will issue 500,000 shares of REG common stock in exchange for the biorefinery and related assets. REG will also pay Sanimax up to an additional $5 million in cash over a period of up to seven years after closing based on the volume of biodiesel produced at the plant, which will be re-named REG Madison, LLC. Sanimax operates a grease processing facility at the same location, although that facility is not part of the acquisition. Closing of the transaction is subject to customary closing conditions. Upon closing of the transaction, REG will have 11 active North American biomass-based diesel refineries in seven states with a combined nameplate production capacity of 452 million gallons.

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