Companies in the timber industry / Daily News / Wood pellets / Wood Products / Australia and Pacific Region / Europe / Global
February 3, 2022
Norske Skog sells its wood pellet company in New Zealand
Norske Skog has entered into agreement with Talley’s Group, a New Zealand based dairy, fishing, produce and food company, to sell the Nature’s Flame pellets company for a consideration of approximately NZD 47.8 million (approximately $31.72 million). The transaction is expected to close during the 1Q 2022. “Under our ownership, we have expanded the capacity from producing some 20,000 tonnes when acquired to currently 90,000 tonnes, and we are very pleased that Talley’s has indicated interest to continue the ongoing project to further expand the capacity to 150,000 ...
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