New England Wood Pellet Acquired By Lignetics

New England Wood Pellet LLC of Jaffrey has been acquired by a Colorado-based wood pellet home-heating company. Mitch Lehn, human resources director for Lignetics, Inc., said Thursday that his company has purchased all of New England Wood Pellet’s assets, which includes the flagship location in Jaffrey and four manufacturing plants throughout the Northeastern part of […]

New England Wood Pellet LLC of Jaffrey has been acquired by a Colorado-based wood pellet home-heating company.

Mitch Lehn, human resources director for Lignetics, Inc., said Thursday that his company has purchased all of New England Wood Pellet’s assets, which includes the flagship location in Jaffrey and four manufacturing plants throughout the Northeastern part of the country. “This acquisition allows us to fill a geographic void,” said Lehn. “This is a significant capacity increase for us… it allows us to be more competitive.”

Lignetics is the largest residential wood pellet manufacturing company in the United States and now has a production capacity of about one million tons of wood pellets per year. Lignetics is the only pellet manufacturer that has manufacturing plants in the Eastern, Central, and Western parts of the country.

The sale of New England Wood Pellets was closed on Feb. 14, with Lignetics purchasing the company from parent company Rentech Inc.

“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,” said Brett Jordan, CEO of Lignetics, in a press release. “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.”

From the Monadnock Ledger-Transcript: http://www.ledgertranscript.com/New-England-wood-pellets-16675175

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