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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Boise Cascade To Purchase Two Southern Engineered Lumber Facilities
Boise Cascade will purchase two southern engineered lumber facilities. The Boise-based company will purchase the facilities from Georgia-Pacific for $215 million. The facilities are located in Thorsby, Ala. and Roxboro, N.C. The acquisition is expected to be completed...
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