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Slide #12. Rentech — New England Wood Pellet
New England Wood Pellet
Rentech, Inc. (NASDAQ:RTK) today announced that it has acquired New England Wood Pellet (NEWP), the largest producer of wood pellets for the U.S. heating market. A slide presentation regarding today's announcement appears on Rentech's website, www.rentechinc.com. The Company's management will discuss the acquisition on its first quarter earnings conference call, which is scheduled for May 13, 2014.
Rentech is a wood fibre processing company with three core businesses: contract wood handling and chipping services, the manufacture and sale of wood pellets for the heating market and the manufacture, aggregation and sale of wood pellets for the utility and industrial power generation market. Co.'s wood handling and chipping services business includes Fulghum Fibres, Inc. (Fulghum), which provides wood yard operations services and wood fibre processing services, and sells wood chips to the pulp, paper and packaging industry. In addition, Co.'s wood pellet business includes New England Wood Pellet, LLC, which produces wood pellets for the U.S. residential and commercial heating markets.
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Hold (2.00 out of 4)
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