M&A Deal Summary

Lignetics Acquires GLRE

On April 16, 2021, Lignetics acquired forest products company GLRE

Acquisition Highlights
  • This is Lignetics’ 4th transaction in the Forest Products sector.
  • This is Lignetics’ 4th transaction in the United States.
  • This is Lignetics’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2021-04-16
Target GLRE
Sector Forest Products
Buyer(s) Lignetics
Deal Type Add-on Acquisition
Advisor(s) Generational Capital Markets (Financial)

Target

GLRE

Hayward, Wisconsin, United States
GLRE is a wood pellet manufacturer specializing in BBQ wood pellets, primarily under the Lumber Jack Grilling Pellets brand. The Company is the only round log pellet mill in the world that has devoted its future capacity to produce this product, and it is the only mill making a 5.5mm size pellet. GLRE serves over 1,200 recurring customers in various BBQ sub-sectors across the globe including seasoning, sporting goods, leisure, and professional meat smoking companies. GLRE is based in Hayward, Wisconsin.

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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 4 of 5
Sector (Forest Products) 4 of 5
Type (Add-on Acquisition) 3 of 4
State (Wisconsin) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-17 Fiber By-Products

White Pigeon, Michigan, United States

Fiber By-Products is a processor, recycler, and manufacturer of wood pellets for home heating. Fiber By-Products collects wood by-products from sawmills & wood shops and further process the fiber into wood pellets, wood flour, wood shavings, and landscaping mulch. Fiber By-Products was founded in White Pigeon, Michigan.

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