21st December 2016
The chief executive spoke to Proactive about among other things, the latest half year results and its latest acquisition - the fourth in the wood fuels space this year and his confidence on the years to come.
PEL is a wood pellet supplier for commercial boilers and was bought for 6.6mln new company shares and £500,000 in cash. It serves around 400 boilers mainly in Yorkshire, East Anglia and Lincolnshire.
Coupled with acquisitions earlier this year of Forest Fuels, Midlands Wood Fuel and the customer base of Mi-Generation Limited, the deal sees the group gain about 20% of the wood pellet market and 10% of the wood chip market.