Drax increases stake in U.S. pellet plants

Drax Group announced plans to acquire a 20 percent minority interest in Alabama Pellets LLC for $29.7 million cash consideration in a deal with The Westervelt Co. The deal is expected to be finalized by the end of July and will increase Drax's interest in Alabama Pellets to 90 percent.

Scenes from AWFS 2021

LAS VEGAS - AWFS Fair 2021 opened Tuesday, July 20 at the Las Vegas Convention Center in its new West Hall and runs until Friday, July 23.  Over 400 exhibitors are exhibiting their latest machinery, materials, and equipment.

ShopBot Tools transitions to employee-ownership trust

DURHAM, N.C. – CNC machinery specialist ShopBot Tools announced it has recently restructured as an Employee Ownership Trust (EOT). Founder and Board Chair Ted Hall said the move was designed to position the company for long-term success by empowering employees while providing liquidity for shareholders.