Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, announced that it has agreed to acquire the used cooking oil collection and aggregation business of Crimson Renewable Energy Holdings, LLC. The closing of the transaction is subject to the fulfillment of customary conditions and regulatory approvals.

Latham & Watkins LLP represents Crimson Renewable Energy Holdings in the transaction, with a corporate deal team led by Houston partner Ryan Maierson and Los Angeles partner Tana Ryan, with Houston associate Greg Sorensen and Los Angeles associates Mark Goshgarian and Steve Herlin. Additional advice was provided on environmental, land and resources matters by Orange County counsel Josh Bledsoe, with associate Brian McCall; on tax matters by Houston partner Jim Cole, with associate Chelsea Muñoz-Patchen; on intellectual property matters by New York partner Jeffrey Tochner, with associate Pelin Serpin; on data privacy matters by Bay Area partner Robert Blamires ,with San Diego associate Kathryn Parsons-Reponte; on employee benefits matters by Bay Area partner Julie Crisp, with Los Angeles associates Aaron Tso and Morgan Wesner; on real estate matters by New York counsel Shira Bressler; on CFIUS matters by Washington, D.C. partner Jim Barker; on antitrust matters by Washington, D.C. partner Lindsay Champlin, with counsel Peter Todaro and associate Ivy Ziedrich; on finance matters by Houston partner Matthew Jones, with associates Max Fin and Michael Basist; and on insurance matters by Los Angeles associate Harrison White.