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Lignetics Inc. now holds an even stronger position in the England and mid-Atlantic markets

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23 April 2018
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Lignetics Inc. now holds an even stronger position in the England and mid-Atlantic markets


Lignetics Inc. now holds an even stronger position in the England and mid-Atlantic markets
Lignetics Inc. announced the acquisition of New England Wood Pellet LLC, which includes manufacturing plants in Jaffrey, New Hampshire. This means that Schuyler, New York; Deposit, New York; and Youngsville, Pennsylvania will give Lignetics a strong position in the New England and mid-Atlantic markets.

At the moment, Lignetics is the largest residential wood pellet manufacturing company in the U.S. which post-acquisition has a production capacity of approximately 1 million tons of wood pellets per year. The company is the only pellet manufacturer that has wood pellet manufacturing plants in the East, Central, and West geography with 13 plant locations.

New England Wood Pellet is being sold by the parent company Rentech Inc. Mark Wilson, New England Wood Pellet`s CEO, has agreed to provide consulting services through a transition to ensure a seamless experience for New England Wood Pellets customers, suppliers, and employees.

Financing for the transaction was arranged by Taglich Private Equity LLC, with an equity investment from Mill Road Capital. Will Morris, Managing Director of Taglich Private Equity noted that Lignetics continues to be interested in exploring additional add-on acquisitions.


Source article: biomassmagazine.com
February 28, 2018