Extreme Biodiesel enters negotiations to acquire well-established oil recycling company

Corona, California-based Extreme Biodiesel is pleased to announce that the company has initiated discussions with an existing client to develop plans to acquire the company in an effort to expand its operations.
The acquisition candidate is a profitable, well-established Southern California-based oil recycling company, which has been in business for a quarter of a century, maintaining a skilled staff of 25 employees, and running a fleet of 35 trucks.
“This company will be an excellent fit for our corporate expansion strategy. We believe that this will add consistent revenues and solid growth opportunities to gain a more substantial foothold in the industry,” said Joe Spadafore, corporate secretary of Extreme Biodiesel.
These negotiations are consistent with the company’s strategic objectives of expanding its reach in the biofuels industry. The company being considered has developed a business model, which is built on the successful conversion of used cooking oil. Biodiesel is produced from vegetable oils, yellow grease and tallow. The production process converts oils and fats into chemicals called long-chain mono alkyl esters or biodiesel.
Further details will be forthcoming as negotiation terms are established and solidified.
The company also recently announced that its proprietary biodegradable glycerin-based form and asphalt release product is successfully concluding its initial real world testing, with positive results.
(March 12, 2013)