Renewable Energy Group Acquires Imperium Renewables for $42,000,000

  • Feed Type
  • Date
    8/5/2015
  • Company Name
    Imperium Renewables
  • Mailing Address
    568 First Avenue South Seattle, WA 98104 USA
  • Company Description
    Imperium Renewables Inc. (IRI) is a national leader in next generation biodiesel refining and manufacturing technology. IRI is a technology driven producer and provider of biodiesel.
  • Website
    http://www.imperiumrenewables.com
  • Transaction Type
    M&A
  • Transaction Amount
    $42,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, REG will pay Imperium $15 million in cash and issue 1.5 million shares of REG common stock in exchange for substantially all of Imperium’s assets. In addition to these payments, REG will pay either $1.75 million in cash or 175,000 shares of REG common stock at closing as elected by REG. For two years post-closing, Imperium may receive up to a $0.05/gallon payment for biomass-based diesel produced and sold. In addition at closing, Imperium will retain its net working capital value of approximately $25 million.