Business

Mohegan Tribe diversifies economy with wood pellet factories





The Mohegan Tribe of Connecticut is entering the wood pellet industry.

The tribe is buying a company that owns facilities in Ohio, Virginia and Indiana. Northeast Wood Products, a tribal subsidiary, will produce wood pellets for home use.

"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," Chairman Kevin Brown said in a statement, according to news reports.

Get the Story:
Mohegan Tribe Buys Wood Pellet Factories To Diversify Revenues (The Hartford Courant 5/30)
Mohegans buying wood pellet plants in Ohio, Indiana (The New London Day 5/30)
Mohegan Tribe jumps into wood pellet business (The Hartford Business Journal 5/29)