Granuul Invest completes acquisition of former German Pellets assets in Texas

Granuul Invest completes acquisition of former German Pellets assets in Texas
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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