Private equity firms deal on wood pellet maker
LOUISVILLE — EagleTree Capital LLC has bought Lignetics Inc. from Taglich Private Equity LLC and Mill Road Capital Management LLC.
No purchase price was given in a press release about the deal.
Louisville-based Lignetics uses about 2 million tons of wood waste annually to make up to 1.4 million tons of wood pellets for use in home heating, for barbecues and to make cat litter and horse bedding. It sells at retailers under a dozen brands including Green Supreme, Bear Mountain BBQ, Catalyst Pet and EZ Equine.
The company has 22 manufacturing plants. A company profile on LinkedIn said it had 350 employees…
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