Acquisitions in Louisiana in 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.

Johnson, Morgan & White completed a strategic merger with Altus GTS Inc., North America’s largest commercial collection agency, to combine capabilities and broaden accounts receivable management services. The combined firm will leverage Altus’s corporate collections platform and JMW’s forensic collection capabilities to expand service offerings, regulatory compliance, and client coverage across the U.S. and Canada.