Florida firm acquires Wood Energy for $6.4 million

By Greg Cancelada

St. Louis Post-Dispatch

B.H.I.T. Inc. of Boca Raton, Fla., announced Wednesday it has acquired Clarkson Valley-based Wood Energy Group Inc., a railroad tie reclamation and energy generation company, for $6.4 million.

Wood Energy, led by President Greg Smith, reclaims railroad ties and recycles the ties…

Tags: acquisition, B.H.I.T., biomass, Clarkson Valley, energy, railroad industry, railroad ties, Wood Energy

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