Lignetics Acquires New England Wood Pellet
Monday, April 16, 2018
In February, Lignetics, Inc. announced the acquisition of New England Wood Pellet LLC, which includes manufacturing plants in Jaffrey, New Hampshire; Schuyler, New York; Deposit, New York; and Youngsville, Pennsylvania, giving Lignetics a strong position in the New England and mid-Atlantic markets.
Lignetics is the largest residential wood pellet manufacturing company in the U.S. which, post-acquisition, has a production capacity of approximately 1 million tons of wood pellets per year. The company is the only pellet manufacturer that has wood pellet manufacturing plants in the East, Central, and West regions with 13 plant locations in the states of Maine, Oregon (2), Idaho, West Virginia, Virginia, Wisconsin (3), New Hampshire, New York (2), and Pennsylvania.
Brett Jordan, CEO of Lignetics, said, “Completing this acquisition is a significant step in continuing to execute our strategy to expand our geographic footprint in the U.S. and remain the market leader in the residential wood pellet industry.” He added that, “New England Wood Pellet has long been the leader in the New England market, with strategically- located manufacturing plants and strong customer relationships managed by a very talented team, whose goal is to continue to provide a superior product and excellent customer service.”
Charlie Niebling, INRS partner and former New England Wood Pellet general manager for sales and wood procurement, will maintain a consulting relationship with Lignetics, including government and regulatory affairs, external industry relations, and wood procurement for the Jaffrey, New Hampshire facility.