M&A Deal Summary

Lignetics Acquires GF Funding

On October 1, 2015, Lignetics acquired forest products company GF Funding

Acquisition Highlights
  • This is Lignetics’ 2nd transaction in the Forest Products sector.
  • This is Lignetics’ 2nd transaction in the United States.
  • This is Lignetics’ 1st transaction in Maine.

M&A Deal Summary
Date 2015-10-01
Target GF Funding
Sector Forest Products
Buyer(s) Lignetics
Deal Type Add-on Acquisition

Target

GF Funding

Strong, Maine, United States
GF Funding LLC is a residential wood pellet manufacturing company.

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Buyer(S) 1

Buyer

Lignetics

Broomfield, Colorado, United States
Category Company
Founded 1983
Sector Forest Products
DESCRIPTION

Lignetics is a residential wood pellet manufacturing company in the U.S. The company’s innovative eco-friendly offering includes premium wood pellets for super-efficient home heating, barbecue pellets that naturally seal in perfect wood-fired flavor, and a superior all-natural high-performance cat litter. The company delivers these innovative all-natural products through national retail partners and directly to consumers via the only national network of wood pellet manufacturing plants spread across the U.S. and Canada with 22 different plant locations. Lignetics was founded in 1983 and is based in Broomfield, Colorado.

DEAL STATS #
Overall 2 of 5
Sector (Forest Products) 2 of 5
Type (Add-on Acquisition) 1 of 4
State (Maine) 1 of 1
Country (United States) 2 of 5
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 Bear Mountain Forest Products

Portland, Oregon, United States

Bear Mountain Forest Products, Inc. is a residential pellet manufacturer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 Energex

Mifflintown, Pennsylvania, United States

Energex is one of the largest producers of residential and industrial wood pellet fuel in North America, with total annual sales of over 140,000 tons of biofuel. Wood pellet fuel is an environmentally friendly and renewable source of energy, rapidly gaining market shares for applications in residential heating, commercial utility, and CO2 offset markets. Energex was founded in 1993 and is based in Mifflintown, Pennsylvania.

Buy -
Mergr

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