Biogen welcomes new investors
Leading food waste to renewable energy specialist Biogen has announced its acquisition by Ancala Bioenergy Limited.
The company was purchased for an undisclosed sum from joint venture shareholders Bedfordia Group and Kier Group.
Biogen’s seven anaerobic digestion plants recycle a quarter of a million tonnes of food waste annually from supermarkets, food manufacturers, the hospitality industry and local authorities to produce 13MW of renewable energy and a nutrient-rich biofertiliser. Biogen was established in 2005 by Bedfordia Chairman, John Ibbett.
Ancala Bioenergy Ltd is an infrastructure investment vehicle managed by Ancala Partners LLP. The successful completion of the sale will mean further growth opportunities for Biogen and provide an established platform for Ancala’s expansion in the waste-to-energy sector.
Adam Feneley, Managing Director, Biogen, commented:
“The acquisition is another exciting milestone in Biogen’s history which further enhances the company’s reputation as the number one food waste to renewable energy company in the UK. The investment is excellent news for Biogen and marks the next stage of growth for the business. “
Spence Clunie, Managing Partner, Ancala Partners LLP, commented:
“Biogen is well known in the industry as one of the leading owners and operators of anaerobic digestion plants. The team has over ten years of experience in the sector and their operational excellence and commercial reach provide Ancala with an established platform from which to expand in the sector.”
John Ibbett, Chairman, Bedfordia Group, commented:
“I am immensely proud of all Biogen has accomplished in its 11 years, of the market-leading business we have built and of the team of people who have made it possible. Biogen has always led the way for others to follow in the AD industry and I have every confidence that the new shareholders will enable Biogen to continue in its success.”