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MAY 02, 2014 - TheStreet

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Why Rentech (RTK) Stock Is Up Today

NEW YORK (TheStreet) -- Rentech  was gaining 8.1% to $2.33 Friday after acquiring New England Wood Pellet for $34.5 million in cash. New England Wood Pellet is the largest producer of wood pellets for the U.S. heating market. The companysupplies wood pellets for major retailers such as Home Depot HD, Lowe's LOW, Tractor Supply TSCO, and Wal-Mart WMT. Rentech said the acquisition is "immediately accretive" to its wood fibre processing business. "The acquisition brings additional cash flows and profitability to our wood fibre business. In addition, NEWP's business broadens our ... Read More

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