EagleTree-backed Lignetics to acquire Fiber Energy Products from Vista Outdoor-backed Revelyst.

EagleTree-backed Lignetics, the largest residential wood pellet manufacturing company in the US, agreed to acquire Fiber Energy Products, a wood pellet manufacturer, from Vista Outdoor-backed Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies. Financial terms were not disclosed. "Lignetics is the right partner at the right time for Fiber Energy. Lignetics’ ownership of Fiber Energy will provide the resources and scale that will enable Fiber Energy to reach its full potential, while the sale generates cash for Revelyst that can be reinvested in our power brands and product innovation in support of our GEAR Up growth initiative," Jordan Judd, Revelyst Outdoor Performance President.