Beacon Energy acquires Smithfield BioEnergy

By | April 15, 2008
Cranford, N.J.-based Beacon Energy Corp., formerly known as AgriFuel Co., announced in February plans to acquire Smithfield BioEnergy LLC and its operating assets, including a 12 MMgy biodiesel plant in Cleburne, Texas. The plant processes animal fats and other secondary feedstocks. The acquisition price wasn't disclosed at press time. Beacon will finance the purchase through available cash and the proceeds of a private equity placement. The transaction was expected to be complete by the end of March.
 
 
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