Drax Biomass Acquires Louisiana Pellets for $35.4 million

April 7, 2017

Drax Biomass submitted the winning auction bid of $35.4 million to acquire Louisiana Pellets, a bankrupt wood-pellet manufacturer based in Urania, Louisiana. The purchase adds a facility with ~450,000 metric tons/year capacity and supports Drax's strategy to more than double pellet production to self-supply 20–30% of Drax Power Station demand and pursue new biomass markets.

Buyers
Drax Biomass
Targets
Louisiana Pellets
Sellers
Louisiana Pellets (bankruptcy estate)
Industry
Renewable Energy
Location
Louisiana, United States
Transaction Type
Buyout

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