Canadian Biomass Magazine

News
Viridis Energy acquires Kelowna pellet maker

NEWS HIGHLIGHT

Viridis Energy acquires Kelowna pellet maker
Viridis Energy has completed the acquisition of Westwood Fibre Products Inc., a British Columbia wood pellet manufacturer.


June 8, 2010
By Newswire

June 8,
2010, Vancouver – Viridis Energy has
completed the acquisition of Westwood Fibre Products Inc., previously announced
on March 22, 2010. Westwood is a private company engaged primarily in the
business of manufacturing wood pellets and bagged animal bedding shavings. It
produces approximately 50,000 tons/year of packaged wood pellets, including
Okanagan Pellets, currently distributed by Cypress Pacific Marketing, a Viridis
Energy Inc. company.

"We
are delighted with the completion of this transaction. We are now focused on
merging the businesses, which are highly synergistic, both in the short term
and long term. Cypress has been successfully marketing and distributing the
high-end pellets produced by Westwood for several years. Viridis' long-term
goal of being a leading manufacturer and distributor of alternative energy
products is further solidified by this acquisition," says Chris Robertson,
chief executive officer of Viridis Energy.


Print this page

Related



Leave a Reply

Your email address will not be published. Required fields are marked *

*