Renewable Energy Group acquires northern California distributor Dawson Oil Company.
Renewable Energy Group, Inc. (REG) (NASDAQ: REGI) announced the acquisition of Dawson Oil Company, a bulk fuel distributor and cardlock owner, located in Northern California. Dawson Oil is a full solution provider, offering diesel, gasoline, DEF and lubricants.
Dawson Oil Company brings approximately 24 million gallons of fuel sales per year to the REG portfolio. The company operates six cardlocks in Northern and Central California, serving nearly 4,500 customers in the Greater Sacramento Valley.
Dawson Oil will continue to serve existing customers and expand fuel offering to include REG EnDura Fuels™ to various end users such as commercial, agriculture, industrial, government and recreation vehicles and fleets.
Cynthia (CJ) Warner, REG President and CEO, said:
This acquisition is a strategic growth opportunity for us as California continues to lead the way in the adoption and transition to cleaner, lower carbon fuels.
“Combining REG’s bio-based diesel expertise with the market and operational know-how of the Dawson Oil team will further position REG as the clean fuel transition partner of choice.”
Dawson Oil has been family owned and operated for over 50 years, after being started in 1970 by Mel and Ellie Dawson. The Company has a strong reputation in the community, committed to providing customers with the products and services they expect, when they need them.
Kasey Fray, said:
I am proud of the heritage and business our team has built at Dawson Oil.
“I believe joining REG will grow our operation into the next chapter by introducing renewable fuels and providing our customers with the sustainable solutions they need, while maintaining the quality of service they expect.”
This news builds upon REG’s announcement from earlier this year that it had acquired Amber Resources, a leading fuel distributor in Southern California. The acquisition of Dawson Oil is REG’s latest move in building upon its downstream strategy of delivering fuel directly to end users.
Bob Kenyon, Senior Vice President of Sales and Marketing at REG, said:
We are thrilled for the opportunity to provide EnDura Fuels™ directly to end users in the Northern California market through the infrastructure Dawson Oil has available.
“This combined team will provide current and future customers with the clean fuel solutions they need to meet their sustainability goals.”
About Renewable Energy Group
Renewable Energy Group is leading the energy and transportation industries’ transition to sustainability by converting renewable resources into high-quality, sustainable fuels.
Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact.
Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2021, Renewable Energy Group produced 480 million gallons delivering 4.1 million metric tons of carbon reduction.
Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
READ the latest news shaping the biofuels market at Biofuels Central
Renewable Energy Group Acquires Northern California Distributor Dawson Oil Company, AMES, Iowa, May 2, 2022
