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Drax Biomass Acquires Louisiana Pellets For $35.4 Million

Wood pellet producer Drax Biomass has acquired Louisiana Pellets with a winning auction bid of $35.4 million. The auction for the bankrupt Louisiana pellet manufacturer culminated on March 30. Louisiana Pellets had filed for Chapter 11 bankruptcy with the U.S....

German Pellets Fate Hangs In The Balance In Louisiana

From: Southern Loggin’ Times Staff A week after an insolvency court in Germany initiated proceedings against the assets of German Pellets GmbH, one of German Pellets’ affiliate wood pellet operations in the U.S., Louisiana Pellets (also German Pellets...