This Slide: #24 of 91 |
Slide #24. Renewable Energy Group — LS9
Acquirer:
Renewable Energy Group (REGI)
Acquiree:
LS9
Details:
Renewable Energy Group, Inc. (NASDAQ:REGI) today announced it has acquired leading renewable chemical technology developer LS9, Inc. for a purchase price of up to $61.5 million, consisting of up front and earnout payments, in stock and cash. Most of the LS9 team, including the entire R&D leadership group, will join the newly named REG Life Sciences, LLC, which will operate out of LS9's headquarters in South San Francisco, CA.
Renewable Energy Group is a producer of biofuels focused on providing transportation fuels. Co.'s business segments are: Bio-based Diesel, which includes the operations of the bio-based diesel production refineries, purchases and resales of bio-based diesel, and the renewable portion of sales of biodiesel and renewable diesel blended with petroleum-based diesel, Renewable Identification Numbers and Low Carbon Fuel Standard credits; and Services, which provides services to its Bio-based Diesel segment, includes bio-based diesel facility management and operational services, whereby it provide day-to-day management and operational services to bio-based diesel production facilities.
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Buy (2.67 out of 4) 100th percentile
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