New Life For Texas Pellets
Estonia-based Graanul Invest affiliate Woodville Pellets, LLC submitted the winning bid in an auction conducted on May 9 for the assets of Texas Pellets, Inc. and German Pellets Texas, LLC (Texas Pellets). The assets include Texas Pellets’ Woodville, Tex. pellet manufacturing plant and its Port Arthur, Tex. port terminal. The transaction was approved by the U.S. Bankruptcy Court for the Eastern District of Texas after a hearing held on May 15. The estimated manufacturing capacity of the wood biomass pellet plant in Woodville is 450,000 metric tons of pellets per year. The Port Arthur terminal has a total storage capacity of 68,000 metric tons, and is capable of loading vessels up to approximately 60,000 metric tons.
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Potlatch Corp. And Deltic Timber Combine To Form Lumber Giant
Potlatch Corp. has announced it has purchased the smaller Deltic Timber in an all-stock deal that will boost its lumber capacity. The transaction will combine the two companies into PotlatchDeltic Corp., which will be traded on Nasdaq as PCH. Potlatch shareholders...
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