Lantmännen Group Divests Scandbio

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.