Wood pellet manufacturer Natures Earth, located in Laurinburg, NC, is set to be acquired by “Waste 2 Energy” operator GreenWorld Development, for $16.5 million, as a result of a binding framework agreement signed April 30.

The wood pellet manufacturing plant reportedly has a capacity to produce 120,000 metric tons and generate $20 million in annual revenues. This Natures Earth acquisition is part of GreenWorld’s plan to expand its alternative energy plans in the US and Europe.

 

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