EQM and biodiesel producer Beacon Energy to merge
In Ohio, Environmental Quality Management, a Cincinnati based leading provider of environmental services, and Beacon Energy Holdings, a Cleburne, TX-based leading producer of biodiesel fuel, announced today that they have entered into a definitive merger agreement.
EQM will be merged with and into a wholly-owned subsidiary of Beacon and the current shareholders of EQM will be issued shares of Beacon common and preferred stock, while Beacon, the parent entity, will be re-named EQM Technologies & Energy. The two companies state that they anticipate closing the merger in early February 2011.
Following the closing, EQMTE’s executive officers will be the same as EQM’s – Jack S. Greber, as CEO, Jim E. Wendle, as President and COO, and Robert R. Galvin, as CFO, Secretary & Treasurer – and its Board will consist of five directors – Walter H. Barandiaran (Chairman), Jack S. Greber, Jon Colin, Paul Garrett, and Carlos E. Aguero.
Category: Fuels
