Acquisition of the Texas Pellets pellet manufacturing plant offers a possibility to increase the group´s production capacity up to 25 percent. Configure Partners, LLC, a leading middle market investment bank, announced the successful completion of the sale of the operating assets of Texas Pellets, Inc. and German Pellets Texas, LLC, a wood biomass pellet manufacturer. Graanul Invest, the largest pellet producer in Europe, acquired the assets for $63 million cash plus additional consideration for working capital assets and assumed liabilities. The final price represented a nearly 50% increase from the stalking ...
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