Graanul Invest affiliate Woodville Pellets, LLC submitted the winning bid in the auction conducted on May 9, 2019 for the assets of Texas Pellets, Inc. and German Pellets Texas, LLC. The assets include Texas Pellets’ Woodville, Texas pellet manufacturing plant and its Port Arthur, Texas port terminal. The transaction was approved by the United States Bankruptcy Court for the Eastern District of Texas after a hearing held on May 15, 2019 (subject to entry of a final order), and is planned to be finalized by June 15, 2019. In connection with the ...
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