The Watermill Group, a private investment firm, has invested in Musser Lumber and its principal operating subsidiary, Musser Biomass and Wood Products, a mid-Atlantic producer of premium dried hardwood fiber and associated converted products.
The Watermill Group, a strategy-driven private investment firm, announces it has completed an investment in Musser Lumber and its principal operating subsidiary, Musser Biomass and Wood Products (collectively, "Musser"), the mid-Atlantic region's leading producer of premium dried hardwood fiber and associated converted products.
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Musser Biomass and Wood Products will invest $7.5 million to expand operations and more than double its production of dried hardwood chips and sawdust. A portion of that material is supplied to wood pellet companies.