Established in 2005 by Bedford chairman, John Ibbett, 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 along with a nutrient-rich biofertiliser.
According to Biogen, the successful completion of the sale will mean further growth opportunities for the company and provide an established platform for Ancala’s expansion in the waste-to-energy sector.
Adam Feneley, managing director, Biogen, said: “The investment is excellent news for Biogen and marks the next stage of growth for the business."
Spence Clunie, managing partner, Ancala Partners, added: “The Biogen 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.”
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.”