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Aggregated Micro Power acquires wood pellet group Billingtons

Richard Burrell, chief executive of Aggregated Micro Power Holdings plc (LON:AMPH), 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.

Quick facts: Aggregated Micro Power Holdings PLC

Price: 85 GBX

AIM:AMPH
Market: AIM
Market Cap: £53.88 m
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