US wood pellet and grill manufacturer Traeger Pellet Grills (TPG) has sold part of its business to private equity firm Trilantic Capital Partners (TCP).
TPG reportedly called the sale a ‘substantial minority interest’ while New York-based TCP says it ‘saw potential in Traeger for expansion’. That thought follows the installation of Traeger-branded shops into shopping centres.
TPG operates three pellet mills each based in Oregon, which is also home to its headquarters, Iowa and Georgia.
New documents unearthed by GMB indicate that between 89 and 148 roles are expected to be lost at the plant around 31 March 2027.
The cuts could represent more than 30% of the site’s 465-strong workforce
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