New England Wood Pellet Ownership Update
New England Wood Pellet, the largest producer of pellets for the U.S. heating market, recently announced the sale of its operations to Rentech, Inc., a Los Angeles, CA based owner and operator of wood fibre processing and pellet production businesses.
Through its subsidiaries, Rentech offers a full range of integrated fibre services for commercial and industrial customers around the world, including wood chipping, operations, marketing, trading and vessel loading. This New England Wood Pellet acquisition is highly complementary to Rentech’s business and allows it to expand its leadership in the wood fibre industry.
Rentech shares New England Wood Pellet’s belief that pellet fuels made from sustainably produced biomass can play a major role in reducing demand for fossil heating fuels. In addition to its market leadership and growth potential, Rentech placed significant value on the skills and expertise of the management team.
No Change for Customers and Suppliers
A copy of the news release announcing the acquisition was issued on May 1, 2014 and can be found by clicking here.
For further information, please visit the Rentech website at www.rentechinc.com.