Birch Hill-backed BIOX acquires Sombra biodiesel facility
Canadian renewable energy company BIOX Corp (TSX: BX) has acquired a 50 million litre nameplate capacity biodiesel facility in Sombra, Ontario. The facility was sold by Methes Energies Canada Inc for US$4.5 million. Hamilton, Ontario-based BIOX said the acquisition represents a 75 percent increase in its biodiesel production capacity and fits the company's strategy to control and distribute more gallons. Founded in 2000, BIOX is a portfolio investment of Canadian private equity firm Birch Hill Equity Partners.
23 June 2016•5 mins read
