.
MergerLinks Header Logo

Announced

BioUrja to acquire ethanol production complex from ADM.

Financials

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

Tags

Edit

Domestic

Distillers and Vintners

United States

Acquisition

Single Bidder

Friendly

bioethanol production

Majority

Pending

Private

Synopsis

Edit

BioUrja, energy commodity logistics solutions developer, agreed to acquire ethanol production complex from ADM, an American multinational food processing and commodities trading corporation. Financial terms are not disclosed. "As a leading supplier of biofuels, we are excited to enter into the bio-ethanol production sector and become more vertically integrated. We are enthused about the growing beverage-grade and highly-distilled industrial alcohol markets, which are the focus of the Peoria plant, and are glad to absorb supplemental fuel ethanol into our existing supply capabilities. This is an opportunity for us to continue our growth in the renewables sector and participate in the global energy transition. It’s a double bottom-line deal for us because of the strong financial performance of the plant and its contributions to our ESG strategy," Amit Bhandari, BioUrja Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US