Mohegan’s Northeast Wood Products Continues to Grow

Courtesy Mohegan Tribe/ The Mohegan Tribe bought a wood-pellet production company in Ohio as part of an effort to diversify revenue amidst growing competition within the gaming industry.

Indian Country Today

Mohegan’s Northeast Wood Products Continues to Grow

The Mohegan Tribe of Connecticut continues its growing move into the wood pellet production industry through Northeast Wood Products LLC, a tribal subsidiary, as it recently made three moves to consolidate its market share.

NWP acquired a Pennington pellet production plant in Ligonier, Indiana – the third Pennington plant NWP has acquired since May 2014. The first two were located in Peebles, Ohio and Kenbridge, Virginia. The newest acquisition has an annual production of 65,000 tons of quality wood pellets according to a NWP release.

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“This acquisition and retrofit will result in the doubling of NWP's annual production, bringing the total to 130,000 tons. The Ligonier plant, being a former Pennington asset, mirrors the equipment and design of the Peebles plant; meaning knowledge from the Peebles plant and its retrofit can be applied, thereby shortening the startup process,” the release stated.

In June, following the acquisition of the first two Pennington plants, Guy Mozzicato, president of NWP told Biomass Magazine “We expect to grow at a fairly rapid pace.” At that time, the Indiana facility purchase was in the works along with another location.

The other location NWP purchased the assets of was Tennessee Hardwood Pellets of Kenton, Tennessee. THP, less than a year old, provides NWP with production equipment and assets that will be moved to a facility that will be announced in the coming weeks. This acquisition will more than double NWP’s production capacity – taking it from 130,000 to approximately 250,000 tons per year according to the release.

"The Mohegan Tribe continues to search out solid and reliable business partners as it broadens its portfolio,” said Kevin Brown “Red Eagle,” Chairman of the Mohegan Tribal Council. “The latest developments for Northeast Wood Products LLP show the company’s commitment to moving the business forward in the fastest and wisest ways possible.”

NWP’s final move was the addition of transportation and logistics specialist Gerry Amenta. Amenta was most recently vice president of operations at Global Trade Associates and an agent for Zim Integrated Shipping Services. Amenta brings an extensive knowledge and years of experience in national and international shipping and logistics to NWP.

“Gerry Amenta’s international expertise will also be a great asset to us, and we welcome him to the Mohegan family. This is exciting news for everyone,” Brown said.

Biomass Magazine reported that NWP’s primary product will be made out of waste materials – sawdust and other wood waste – and will be sold under the ThermaGlo trade name.

“ThermoGlo will meet or exceed the most stringent certifications in the industry,” Michael Reid, senior vice president , business development for NWP told ICTMN in September.

In May, Brown told the Hartford Courant, “The Mohegan Tribe is happy to be involved in a venture that combines its overall philosophy of a reverence for the Earth with a solid business model.” He continued to say that NWP is a valuable addition to the tribe’s growing portfolio. That portfolio is providing the northeast gaming giant diversity away from the diluted gaming market.

"The assembly of this production and delivery capacity will place Northeast Wood Products among the industry leaders in North America,” Mozzicato said. “It signals to industrial and heat pellet purchasers around the world that a new, strong and stable partner has entered the market"

Comments (1)
No. 1-1

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