Terra closes sale of Missouri biodiesel facility

Terra Biodiesel Holding has closed the sale of its Missouri, US, biodiesel plant to an undisclosed strategic buyer, with Ocean Park Advisors (OPA) acting as an exclusive advisor.

Financial terms of the sale were not disclosed for the St. Joseph-based biodiesel refinery situated on an approximately 13 acre parcel of land.

The sale also includes a license agreement for certain production technologies.

“OPA was instrumental in developing both operating and sales strategies,” said David Warfield, partner of Thompson Coburn, who represented Terra.

"The biodiesel industry has strong momentum and is being consolidated into stronger hands as we move forward,” John Campbell, Ocean Park managing director, said.