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Provider: Reuters Investment Profile

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GlyEco Inc Completes Asset Purchase Agreement With Renew Resources, LLC.

Thursday, 11 Oct 2012 08:15am EDT 

GlyEco Inc announced it has signed an asset purchase agreement to acquire Renew Resources, LLC., based in Rock Hill, SC. As previously reported, the companies signed a preliminary agreement in May, 2012. This transaction is scheduled to close on October 26, 2012 and supersedes any prior agreements. The Company expects the completed transaction to be immediately accretive. This transaction is the second asset purchase due to close in October, 2012. 

Company Quote

-0.07 -9.33%
25 Jul 2014