Anaerobic digestion (AD) plant operator Biogen has been taken over by Ancala Bioenergy, an infrastructure investment vehicle managed by Ancala Partners.
The sale by joint venture shareholders Bedfordia Group and Kier Group was for an undisclosed sum.
The announcement comes days after Biogen said that finance director Adam Feneley (pictured) was replacing chief executive Julian O’Neill, who left the company after five years. O’Neill was himself the former finance director and took over from the then chief executive Richard Barker in April 2014.
Feneley called the acquisition “another exciting milestone”.
“The investment is excellent news for Biogen and marks the next stage of growth for the business,” he said.
Spence Clunie, Ancala Partners’ managing partner, said: “Biogen is well known in the industry as one of the leading owners and operators of AD plants. The team has over 10 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.”
Biogen’s seven AD 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.
The company was established in 2005 by Bedfordia chairman John Ibbett, who said he was “immensely proud” of Biogen’s achievements.
“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.”
The official opening of Biogen’s Merevale plant in Warwickshire in September 2016 is pictured, with Ibett on the left.