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Stock Market & Financial Investment News

News Breaks
February 3, 2014
13:31 EDTREGILS Dissolution reports 5.77% stake in Renewable Energy
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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