.
MergerLinks Header Logo

Announced

Completed

POET completed the acquisition of a biofuel business from Flint Hills Resources.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

biofuels

United States

Private

Majority

Single Bidder

Alternative Fuels

Friendly

Domestic

Completed

Synopsis

Edit

POET, a producer of ethanol and other biorefined products, completed the acquisition of a biofuel business from Flint Hills Resources, a refining and manufacturing company. Financial terms were not disclosed. “This acquisition will increase POET’s ability to bring even more high-quality, plant-based biofuels and bioproducts to the world—allowing us to have an even bigger impact on fighting climate change and cleaning our air,” Jeff Broin, POET Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US