Safe Renewables Corp. of Houston has acquired Austin Biofuels LLC for an undisclosed price.
The purchase expands SRC's sales and marketing capacity in Texas. Both companies have worked together in the biodiesel sector in recent years.
"This new venture is part of our broad initiative to extend SRC's reach in major markets, and to provide added outlets for SRC's growing biodiesel production output," says SRC CEO Keith Forman.
Later this month, Austin Biofuels founders and principals Jeff Plowman, Kurt Lyell and Robby Plenge will join the Safe Renewables sales and marketing team.
SRC is a biodiesel producer and marketer in North America. The company produces biodiesel from soy, cottonseed and canola oil, and from animal fats, and is currently focused on supplying biodiesel to the transportation and power generation markets.
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