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PHI Group to acquire pellet plant in Southeast US

from Biomass Magazine

PHI Group, a U.S. public company focused on conventional energy and renewables, recently announced that the company has signed a letter of intent to acquire a wood pellet manufacturing company in Southeastern United States. The identity of the target company and certain details will be kept confidential until closing. The total purchase price for 100 percent of the operation, excluding liabilities and cash and cash equivalents, is approximately $9 million dollars. The transaction is subject to entering into a definitive purchase and sale agreement, customary conditions, due diligence and financing commitments. more

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