Ken Tucker

Ken Tucker

Chief Executive Officer at Lignetics Inc

Location:
5 NE Cramblett Way, Kootenai, Idaho, United States
Company:
Lignetics Inc

General Information

Affiliations

Board Member  - Pellet Fuels Institute

Recent News  

Sandpoint, Idaho - Ken Tucker, CEO of Lignetics, Inc. ("Lignetics"), announced today the acquisition of Lignetics by Taglich Private Equity LLC ("Taglich"), in conjunction with Management and Gladstone Capital Corporation, which provided subordinated debt and equity financing.
Texas Capital Bank provided senior debt in support of the transaction. "Completing this transaction marks the beginning of an exciting new chapter in Lignetics' history as the market leader in the residential wood pellet industry," Tucker said. "The management team of Lignetics is very excited to be partnering with Taglich, and looks forward to its support of our Company's continued growth and development." Tucker also noted that the transaction will give Lignetics the capital base to pursue expansion plans. "We were looking for investors that would bring stable leadership and a long term view to the company, and this transaction has accomplished that," said Tucker. We view our investment as a true partnership with Ken and his team and are very excited about the Company's future growth prospects."

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Ken Tucker
Lignetics, Inc. PO Box 1706 Sandpoint, ID 83864 TEL: (208) 263-0564 FAX: (208) 263-9292

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Ken Tucker Lignetics (304) 462-4848 Ken Tucker, CEO of Lignetics, said, "The reasons Lunenburg County was selected include the warm welcome from a large number of local sawmill operators, allowing the availability of raw materials, the ease of transporting our finished products to our customer base and the tremendous support we received from the community."

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