Highland Pellets Expanding To Mississippi
In late October Highland Grenada, LLC, an affiliate of Highland Pellets, LLC, announced the pending purchase of the former Georgia-Pacific OSB mill site to build a new export pellet plant. According to news reports, the new plant will be a “replica” of Highland Pellets’ existing plant in Pine Bluff, Ark. That facility produces 675,000 metric tonnes annually.
The company is also working to build a plant near Stephens, Ark. on a 300 acre site.
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Mercer Purchases Germany’s HIT
Mercer International Inc. has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT (Holz Industrie Torgau) for €270 million. HIT owns, among other things, 100% of a timber processing and value-add pallet production facility in Torgau, Germany and a wood processing facility in Dahlen, Germany that produces garden products…
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