Stockholm / SE. (lg) Swedish Lantmännen Group has signed an agreement to divest Scandbio AB to the German LEAG Lausitz Energie Bergbau und Kraftwerk AG. Scandbio, with its operations in solid processed wood fuels, has been part of Lantmännen since 2014. Scandbio is a fuel pellet producer. By refining waste products from the forestry industry, Scandbio takes advantage of natural resources in a resource-efficient way and contributes to a circular, sustainable solution. Its products heat households, provide energy for businesses and publicly owned operations, and fuel production in both small and large industries.
Magnus Kagevik, Group President and CEO Lantmännen: «Scandbio has developed very well in the past several years. As part of LEAG Group, a strong player in European energy production, Scandbio will find a suitable industrial home, in order to further develop as an important player in the biomass industry.»
Scandbio is headquartered in Jönköping and has production at five facilities in Sweden and one in Latvia. Sales are primarily focused on Sweden, Latvia, and Denmark. Scandbio has 130 employees.
«As the demand for sustainable energy sources increases, Scandbio is an investment in the future of climate-friendly energy and the biomass market. LEAG Group is a future-oriented buyer with many years of experience in the German biomass industry,» says Dr. Philipp Nellessen, member of LEAG Group’s Board of Directors. The transaction is dependent on approval from relevant authorities.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Albertsons Companies: Reports Q2 Fiscal 2024 Results
- Axfood AB: Acquisition of City Gross now approved
- Sweden: Lantmännen establish Biogas AB
- Apetit PLC: H1-2024 result exceeded comparison period
- DPC Dash: Continues to Unleash Massive Market Potential
- Ferraro Foods: Acquires Botticelli Food Service
- One Rock Capital completes investment in Lewis Bakeries
- Almarai agrees to acquire Hammoudeh Food Industries
- Unigrains Iberia: acquires stake in Ñaming sandwiches
- Greencore Group: upgrades full year 2024 guidance
- PFG: Completes the Acquisition of Cheney Bros.
- Conagra Brands: Reports First Quarter 2025 Results
- ICA Maxi Ängelholm to Build Sweden’s Largest In-Store Farm
- Gudrun Group: Joins Natra to Create a Leading Global Platform
- Greggs PLC: Announces good progress in Q3-2024
- NewSpring Capital: completes investment in Great Harvest
- Arcos Dorados: Exercises Renewal Option
- Once Again Collective: acquires almond manufacturer
- Cloetta AB: puts investment in greenfield plant on hold
- AB Akola Group: increases investment in breadcrumb factory