Armònia, a leading provider of sustainable biofuels, has announced that it has sold its BioDue business to Riverside.
The transaction marks the end of Armònia’s involvement in the biofuels industry and will help the company focus on other areas of its business.
BioDue is a leading supplier of biodiesel made from renewable resources, including waste grease and plant oil. “This is an important transaction for Armònia as it helps us focus on our core businesses,” said Gjon Mili, the company’s chairman and CEO. “BioDue is a great business with excellent prospects, and Riverside has the experience and resources to manage it well.”
The sale of BioDue followsArmònia’s acquisition of GreenFuel in December 2013. GreenFuel was one of Europe’s largest suppliers of biodiesel made from sustainable sources, including waste grease and plant oil.
Riverside Acquires Armònia’s BioDue Business
Riverside has acquired Armònia’s BioDue business, which is a provider of innovative analytical solutions for the food industry. This acquisition will broaden Riverside’s product lineup and allow it to better serve its clients in the food industry. The combined company will have over 1,000 employees and be headquartered in Germany. This acquisition marks another step forward for Riverside as it continues to grow both organically and through acquisitions.
Private equity news UK – Armònia Sells BioDue to Riverside – This is a big win for both parties – Armònia gets to continue its successful business, and Riverside gets a much-needed addition to its product portfolio. BioDue is a leading supplier of biodiesel made from renewable resources, including waste grease and plant oil. The company offers innovative solutions for the food industry, which makes it a valuable asset to Riverside. BioDue’s technologies will help Riverside better serve its customers in the food industry. Combining these two businesses will create a powerful force that can reach new heights in the biofuels market.
Armònia to Sell BioDue to Riverside
As a leading global player in the shipping and procurement industries, Armònia has seen considerable growth over the past few years. To continue this trajectory, the company has announced that it will be selling its BioDue business to Riverside in an effort to focus on other growth opportunities. This transaction is expected to close in the third quarter of this year and is pending regulatory approval. The Aimia Bio due business offers a range of solutions for shipping, procurement, distribution and warehousing across Europe and Latin America, making it a perfect fit for Armònia’s experience and Riverside’s geographic reach. This combination positions both companies well for future growth opportunities, ensuring that both companies can offer their customers the best possible solutions.
Conclusion
Armònia has announced that it will be selling its BioDue business to Riverside. This move comes as a surprise to many as Armònia is usually a very conservative company, but it seems that the market is changing and Armònia is responding to this by selling its BioDue business. This news is sure to have a major impact on the bio-tech industry, and we will be keeping a close eye on the developments.
