Enligna pellet mill bought by BC’s Viridis
January 7, 2011, Halifax, NS - According to a report in the Chronicle Herald, the Enligna Canada Inc. wood pellet mill in Middle Musquodoboit, NS is being sold to Viridis Energy Inc. of Vancouver, subject to court approval. Viridis plans to re-open the mill company officials say.
“The receiver is going to recommend that the court approve the sale,”
Philip Clarke of PricewaterhouseCoopers Inc., Enlinga’s receiver, said
in an interview Thursday.
Clarke said he expected the recommendation will go to the court sometime in January. Enligna was placed in receivership in August, owing Nova Scotia
Business Inc., the province’s business development agency, almost $3
million. Unsecured creditors are owed almost $1 million.
Viridis announced the successful bid on its own website just ahead of Christmas. "The assets to be acquired include 20 buildings on four properties with a
total of 157 acres and a separate 22 acre wood lot. The facilities
house five pellet presses with the capacity to produce 110,000 tonnes of
wood pellets, annually."
In a separate interview with the Chronicle Herald on January 6, company officials said they would begin re-hiring in the near future for a spring re-opening. “We fully expect to return the plant to full operating capacity in April
through June of this year,” CFO Michele Rebiere said.