Delek US Holdings, a diversified downstream company
with assets in the refining and logistics
industries, agreed on Thursday to purchase a
biodiesel facility in Cleburne, Texas, from EQM
Technologies & Energy for approximately $5.3 million.
This transaction is subject to standard closing conditions and
is expected to close on or before January 23, 2013.
The biodiesel facility has a production capacity of
approximately 12 million gal/year. Delek US said it intends to
spend approximately $3.0 million in capital expenditures during
2013 to improve the feedstock flexibility of this
At present, the facility produces biodiesel exclusively for
Delek US and its affiliates under a tolling agreement. The
tolling agreement will terminate upon completion of this
"We ended 2012 with approximately $600 million of cash and a
net cash position of approximately $240 million, which provides
us the ability to take advantage of opportunities to grow and
expand our operations," said Uzi Yemin, CEO of Delek US.
"This acquisition further integrates our operations by
improving our feedstock flexibility for blending
biodiesel at our Tyler refinery. We will continue to
explore opportunities to grow our business and return value to
our shareholders during 2013."