Lignetics Merges With Bear Mountain Forest Products

From: Wood Bioenergy Staff Two long-established wood pellet manufacturing companies in the U.S. announced a merger that will create what they report is the the largest residential wood pellet fuel producer in the U.S. Ken Tucker, CEO of Lignetics, Inc., and Bob Sourek, CEO of Bear Mountain Forest Products, Inc., announced that the newly merged […]

From: Wood Bioenergy Staff

Two long-established wood pellet manufacturing companies in the U.S. announced a merger that will create what they report is the the largest residential wood pellet fuel producer in the U.S. Ken Tucker, CEO of Lignetics, Inc., and Bob Sourek, CEO of Bear Mountain Forest Products, Inc., announced that the newly merged business will have a production capacity of approximately 450,000 tons of wood pellets per year, and that the company will also be the only pellet manufacturing company that will have wood pellet manufacturing plants on both the East Coast and the West Coast.

The combined company will have plant locations in Brownsville and Cascade Locks, Ore.; Sandpoint, Idaho; Glenville, West Va.; and Kenbridge, Va.. The merger brings together some of the industry’s well-known brands including Golden Fire, Lignetics, Bear Mountain, America’s Best, Pres-to-Log, Dry Den, Cozy Den and EZ Equine.

“Completing this merger marks the beginning of an exciting new chapter in our two companies’ history, making us the market leader in the residential wood pellet industry in the U.S.,” states Tucker. Sourek adds, “We are excited about the merger with Lignetics and the ability to offer all of our customers a more diverse product offering, now from five different plant locations.”

Financing for the transaction was provided by Taglich Private Equity LLC, management and Gladstone Capital Corp. Tucker and Sourek note that the transaction will give the company the capital base to pursue expansion plans at their current facilities, as well as exploring potential future add-on acquisitions.

Lignetics was founded in 1983 and is one of the pioneers of manufacturing premium wood pellets and Pres-to-Logs fire logs for home heating. Since 1988, Bear Mountain Forest Products has been a driving force in the wood pellet fuel industry across the Western U.S using 100% Douglas fir.

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