Bergs Timber has divested its pellet business

Bergs, through its wholly owned subsidiary Bitus, has divested its pellet business in Fågelfors to J. Rettenmaier & Söhne (JRS).
The pellet business is conducted in Fågelfors in Högsby municipality and has approximately 15 employees.
The divestment is made through an asset deal where JRS acquires all assets related to the business.
All employees who are currently linked to the business are offered continued employment.
JRS is a German privately owned company with approximately 4,000 employees and with operations worldwide at over 90 production and sales locations.
JRS is active in the manufacture and sale of products based on cellulose and other regrowing plant based raw materials. Its core competence includes a highly specialised in-house production process engineering as well as comprehensive technical application support for all market segments.
"Bergs has a focus on an increased degree of processing and we do not see any clear synergies between Fågelfors and Bergs' other operations. We are pleased that JRS is acquiring the business, and they have clear synergies with their existing business,” said Peter Nilsson, CEO of Bergs.
“JRS has seen significant growth of its wood fibre products for applications like animal feed, cat litter, industrial materials and others. EC Bioenergy, a JRS affiliate, is one of the largest producers of energy pellets in Germany. We are delighted to see the Fågelfors operations and their team joining the JRS group of companies and enabling ample new growth opportunities for the future,” said Nils Gersonde, group CFO of JRS.