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Biodiesel firm acquires LS9 for $61 million
8:24 AM MST | January 23, 2014 | Rebecca Coons
Biodiesel producer Renewable Energy Group (Ames, IA) today announced it has acquired renewable chemical technology developer LS9 for a purchase price of up to $61.5 million, consisting of up front and earn-out 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. “This acquisition is a major step in realizing REG’s strategy to expand into the production of renewable chemicals and...
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