Rentech Inc. has announced that its subsidiary, New England Wood Pellet, has acquired the assets of Allegheny Pellet Corp. The acquisition expands NEWP's market position as the largest producer of wood pellets for the U.S. heating market.
Rentech Inc. has announced that GSO Capital Partners LP, the credit investment arm of Blackstone, increased its credit facility for Rentech by up to $63 million. The proceeds are expected to fund the completion of Rentech's Canadian pellet plants.
NEW YORK (TheStreet) -- Rentech
shares are up 6.35% to $1.34 in trading on Tuesday after the company announced that GSO Capital Partners
increased its credit facility for the clean energy solutions provider by up to $63 million. The...
NEW YORK (TheStreet) -- Shares of Rentech
were gaining 13.2% to $1.36 Thursday after the announcement that D. Hunt Ramsbottom resigned from the positions of CEO and president of the wood fibre company and CEO of Rentech Nitrogen Partners
Rentech Inc. is seeing robust activity in its fiber business, particularly in Canada, CEO Hunt Ramsbottom reported in a Nov. 6 quarterly earnings conference call. The company's Atikokan and Wawa, Ontario, pellet plants are nearly complete.
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