The Kicker: Stan Larson, TRDY's CEO, sold his old company to them. (High Plains)
The Acquisition Abengoa's acquisition of High Plains was finalized in early 2002, making the company part of a large international corporation under the wing of Abengoa Bioenergy, which holds the Spanish corporation's global bioenergy interests. Abengoa Bioenergy CEO and President Javier Salgado said that Abengoa's purchase of High Plains provided an entry into the American market and served as a springboard for the company's growth initiatives, both nationally and internationally.
On April 15, 2003, High Plains officially changed its name to Abengoa Bioenergy Corporation after operating under the former name for more than a year following the acquisition. The name change signaled the company's intent to leverage its international reputation in order to "enhance its competitive position" in the United States.
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