Phoenix Renewable Technologies, Inc cancelled the acquisition of 26.9 acre industrial site and the tire recycling business from Vista International Technologies, Inc..
As of august 19, 2015, sale is expected to close prior to September 30, 2015. Vista plans to use the proceeds from the sale to pay off the debt, and to devote considerable resources Waste-to-Energy projects currently under development. Gregory Hoffman of Colliers International North Texas, LLC acted as broker in the transaction.
Phoenix Renewable Technologies, Inc cancelled the acquisition of 26.9 acre industrial site and the tire recycling business from Vista International Technologies, Inc. (OTCPK:VVIT) on March 16, 2016.