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Article: Four Rivers BioEnergy Inc. Announces GBP3Million Strategic Acquisition of BioDiesel plant in the United Kingdom.
- Article from:
- PR Newswire
- Article date:
- April 7, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALVERT CITY, Kentucky, April 7 /PRNewswire-FirstCall/ -- Four Rivers BioEnergy Inc. (OTCBB: FRBE) ("Four Rivers'' or "the Company") is pleased to announce that it has acquired the BioDiesel plant and other existing assets of Blyth, Northumberland based, V-Fuels Biodiesel Limited under a 'pre-packaged' arrangement out of administration, working with the principal creditors, and the administrator.
Gary Hudson, President and CEO of Four Rivers, commented "We are delighted to have reached this agreement. This acquisition includes proprietary technology for application in the bio-fuels industry, and follows on from the STT(R) technology acquisition that we recently ...