Announced
Completed
Synopsis
St1, an energy company, completed the acquisition of Brocklesby, a recycling of used edible cooking oil and fatty food waste company. Financial terms were not disclosed. “By investing in renewable energy and in the transition of the energy sector while ensuring the necessary cash flow, we are solving global energy challenges for our part, step by step. Entering the sustainable feedstock business in the UK is a concrete step in consistent and long-term implementation of our growth strategy. At the same time, it strengthens our feedstock sourcing for our own growing renewable fuels production and enables development of future growth in a new business area. Acquiring Brocklesby is a significant reinforcement of our value chain and results in more and more sustainable feedstocks for our premium energy products that we will serve our customers with," Henrikki Talvitie, St1 CEO.
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