Chemical Week Magazine :: Newsbriefs
Biodiesel firm acquires LS9 for $61.5 million
5:54 AM MST | January 24, 2014
Biodiesel producer Renewable Energy Group (Ames, IA) announced on 22 January that 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, which will operate out of LS9â€™s headquarters in South San Francisco, CA. LS9â€™s technologies harness the efficiency of the fatty acid metabolic pathway of microorganisms and are expected to make a...
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