Rentech Inc. on Thursday said that it acquired New England Wood Pellet, considered the largest producer of wood pellets for the U.S. heating market.
Terms of the deal were not disclosed.
The purchase diversifies the Los Angeles company's wood processing business and opens up new geographic markets, Rentech said. This is the first large deal announced since Rentech received a $150 million investment from a unit of New York private equity giant Blackstone.
New England Wood Pellet, based in Jaffrey, New Hampshire, operates three wood pellet facilities in the northeastern U.S. (Jaffrey, NH; Schuyler, NY; Deposit, NY) and has a combined annual production capacity of 240,000 tons. Its largest customers include Home Depot, Lowe’s and Wal-Mart. Earnings before interest, taxes, depreciation, and amortization last year was about $7.4 million.
Rentech recently completed its transition out of the alternative biofuels business and into wood fibre processing and wood pellet production.
“The acquisition brings additional cash flows and profitability to our wood fibre business,” chief executive D. Hunt Ramsbottom said in a statement.
The acquisition was announced after the markets closed. Shares earlier closed up 3 cents, or 1.4 percent, to $2.15 on the Nasdaq. Visit the Rentech website
or visit the New England Wood Pellet website
Award-winning furniture and textile designer Richard Frinier has teamed with Sunbrella fabrics for a new collection of textured tone-on-tone fabrics that elegantly merge indoor and outdoor design. Set in neutral tones of natural, wheat and granite, the Contex Collection of twills, herringbones and other textures represent unique textile design without any limitation in durability.
“Following the launch of the Origins' Collection, our very first select line of Renaissance recycled yarn constructions, Contex focuses in on an even more compelling assortment of tonal textures,” said Richard Frinier, whose design aesthetic has been sought after for more than 30 years by architects, interior designers and consumers.
“I call the collection Contex, because the historical origin of this word means ‘to weave together’ and for the rich, visual appearance and textural hand we were able to achieve using Sunbrella Renaissance fiber content.”
The Contex collection weaves together Sunbrella yarns with the brand’s Renaissance recycled yarn content, resulting in fabrics with high-end design and a unique environmental story. The new collection, currently available only to manufacturers, adds substantially to the expanding collection of Sunbrella fabrics made with recycled content.
“Together, Sunbrella fabrics and Richard Frinier continue to develop fabrics that are equally at home indoors and outdoors,” said Gina Wicker, design and creative director for Sunbrella fabrics. “The constructions and textures of the fabrics within Contex are intentionally designed to be luxurious, and the tonal color palette adds to the elegance of the collection with a subtlety found indicative of high-end design.”
Fabrics in the Contex collection are presented in neutral, tone-on-tone and softly contrasting color ways, each with an impressive surface texture and interesting pattern that heightens the collection’s design aesthetic.
Off the Grid –
Off the Grid is a timeless and richly textural basket-weave pattern set in a chunky, heavyweight construction. Grounding the collection with its substantial construction, the fabric is expressed in the luxurious and subtle color ways of Papyrus, Wheat, Mushroom, Granite and Ebony.
On An Angle
– Refined, with a striking textural construction of heavyweight twill, On An Angle features a heavy yarn construction in both the warp and the fill. The fabric is offered in Papyrus, Wheat, Mushroom and Granite.
A slightly heavier Herringbone weave, Upndown features chunkier yarns for a substantive yet subtle surface texture. Available in Papyrus, Wheat, Mushroom, Granite and Ebony.
With a name taken from its texture, Nubby represents a current yet enduring design with varying sizes of chunky yarns in a raised and dotted weave that mimics a sisal-like pattern. The fabric is offered in Papyrus, Wheat, Mink and Ebony.
– Beautifully scaled and balanced, the pattern Seesaw zigzags with mid-weight, large Chevrons with a three-dimensional quality. The fabric is offered in sophisticated tone-on-tone color combinations of Natural, Papyrus, Ash, Heather, Mushroom and Ebony.
Sideways has a classic and directional surface texture visible within a subtle and textured horizontal stripe pattern that is defined by the width and spacing of the weave. The fabric is a perfect complement to Seesaw. Casually elegant colors for the fabric include Papyrus, Ash, Heather, Mushroom and Ebony.
Uptown and Downtown –
Uptown and Downtown, both mid-weight herringbone patterns, have a chunky appearance and are substantial upholstery fabrics. Both fabrics are offered in Natural, Papyrus, Ash, Heather, Mushroom, Granite and Ebony.
– Diagonal is a mid-weight, classic twill weave characterized by diagonal lines that are visible to the eye and soft to the touch. The fabric is complementary to Uptown and Downtown in its construction and is offered in the same softly contrasting color palette of Natural, Papyrus, Ash, Heather, Mushroom, Granite and Ebony. Visit the Richard Frinier website or the Sunbrella website.
Poly-Wood announces the launch of its new outdoor accessories brand, Ateeva, and its website focused on a direct-to-consumer marketing platform. The Ateeva brand will initially include replacement cushions for outdoor furniture as well as pillows in multiple styles, sizes and fabric selections; it will be available through a newly launched online e-commerce site, visit the website.
Expansion plans for the brand include building upon the options in the replacement cushion category as well as additional outdoor accessories and performance products.
“Initially, the Ateeva brand will include two tiers of replacement cushions including standard and luxury designs in multiple sizes,” said Joel Wolfgang, digital marketing manager for Poly-Wood. “The luxury cushion will include designer buttons and a marine-grade foam insert constructed to withstand the elements.”
All Ateeva cushions and pillows are hand sewn in the USA and made from genuine Sunbrella acrylic performance upholstery fabric. Available in eight color options, the fabric is stain repellant and resists fading, mildew, water and soil.
“The addition of the Ateeva brand and its online presence creates an exciting platform to further promote quality American outdoor products for which Poly-Wood has become synonymous,” Wolfgang said. “The replacement cushions featured on the Ateeva website are just the beginning, with additional products and categories planned in future introductions to further illustrate the growing trends within the outdoor living category.”
For more information about the Ateeva brand of outdoor accessories, visit the website