Drax increasing stake in Alabama Pellets, FreightCar America received PPP millions before closing

Drax increasing stake in Alabama Pellets
Drax Group PLC said it will acquire an additional 20% stake in Alabama Pellets LLC for $29.7 million. That increases Drax’s stake to 90% in the company that owns pellet plants in Demopolis and Aliceville. – MarketWatch

FreightCar America received PPP millions before closing
The Muscle Shoals FreightCar America plant, which closed during the pandemic, received a $10 million Paycheck Protection Program Loan before shutting its doors and laying off its employees. FreightCar America moved all of its U.S. production to its production facility in Mexico. – ProPublica

National pizza chain plans first Alabama locations
Grimaldi’s Pizzeria, a New York-style pizzeria, will open its first Alabama location in Huntsville later this year, with a restaurant in Birmingham to follow that. Grimaldi’s, which offers coal-fired, brick-oven pizzas, has 41 locations around the United States. AL.com

Maryland pain center merges with Montgomery group
Maryland-based Clearway Pain Solutions has merged with The Center for Pain in Montgomery, creating one of the largest pain solutions practices in the U.S. The combined operation includes 40 doctors and 59 clinical practitioners serving 43 locations in Maryland, Florida, Alabama and Delaware. – Cision

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