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Enviva Partners (EVA) Announces Receipt of Offer to Acquire Sampson County Production Plant

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Enviva Partners, LP Receives Offer to Acquire Sampson Production Plant

October 17, 2016 4:36 PM EDT

BETHESDA, Md.--(BUSINESS WIRE)-- Enviva Partners, LP (NYSE: EVA) (the Partnership or we) today announced that Enviva Wilmington Holdings, LLC (the Hancock JV), a joint venture between an affiliate of Enviva Holdings, LP and affiliates of John Hancock Life Insurance Company, has offered to sell the entity which owns the wood pellet production plant in Sampson County, North Carolina (the Sampson plant), along with a 10-year, 420,000 metric ton per year (MTPY) off-take contract with an affiliate of DONG Energy, to the Partnership. The transaction also includes a 15-year, 95,000 MTPY off-take contract with the Hancock JV and a... More