Scepter Holdings, Inc. (BRZL) Signs Agreement to Purchase 80% of Maine Woods Biomass
CHICAGO, IL--(Marketwired - Apr 6, 2016) - Scepter Holdings, Inc. (OTC PINK: BRZL) -- Scepter Holdings, Inc. is pleased to announce that Scepter Holdings, Inc. has executed and entered into an Equity Purchase and Sale Agreement with Maine Woods Biomass Exports, LLC. a privately held corporation, to acquire 80% of the issued and outstanding percentage interest in the Company.
Maine Woods Biomass Exports LLC (MWBE) is a US based Biomass-Wood Chip producer located in Searsport Maine, with a goal of expanding their current operation and developing and building a multifunctional wood chip processing, manufacturing, and log drying facility using Phytosanitation heat treatment. the facility would be designed to manufacture a minimum of 310,000 metric tonnes per year (MTPY) for export to the EU for combined heat and power (CHP) production, and to produce medium density fiberboard (MDF).
The Equity Purchase and Sale Agreement is subject to normal due diligence and contains standard representations and warranties. a complete agreement has been filed with OTC Markets, Scepter Holdings, Inc., Supplemental Disclosure.
Scepter Holdings, Inc. is a company based in the United States that is traded on the Over the Counter Pink Sheets under the Symbol BRZL. The goal of Scepter is to focus and grow the Company through the acquisition and development of sustainable and renewable energy products.
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