Viridis buys closed Upper Musquodoboit mill
Viridis Energy Inc. has completed its purchase of the assets of the Enligna wood pellet mill in Upper Musquodoboit.
Enligna Canada went into receivership last August owing Nova Scotia taxpayers $ 2.7 million. Fifty people lost their jobs.
Vancouver-based Viridis said Monday it bought 20 buildings on four properties with a total of 157 acres and a separate 22-acre wood lot. The facilities house five pellet presses.
Enligna took over the mill from MacTara Ltd. It was the largest wood pellet manufacturer in Atlantic Canada with the capacity to produce 110,000 tonnes of wood pellets annually.
Viridis said it has created a subsidiary — 3260526 NS Limited — to handle the purchase, which will be financed through a $2.5-million short-term loan.