Richard Burrell, chief executive of (), discusses with Proactive their acquisition of the wood pellet group Billingtons.
AMPH is buying Billingtons from Drax for £2mln, of which £400,000 will be in cash and £1.6mln in shares at a price of 98.5p.
Based in Liverpool, Billingtons supplies 40,000 tonnes of premium wood pellets a year to more than 1,500 commercial customers from four depots.
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