Lantmännen has signed an agreement to divest Scandbio to the German company LEAG Group.
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, said Lantmännen.
Its products heat households, provide energy for businesses and publicly owned operations, and fuel production in both small and large industries.
“Scandbio has developed very well within Lantmännen in the past several years. As part of LEAG Group, which is 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,” said Magnus Kagevik, Lantmännen’s group president and CEO.
Scandbio 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 demand for sustainable energy sources increases, Scandbio represents an investment for the future of climate-friendly energy and the biomass market. LEAG Group is a future-oriented buyer with long experience within the Germany biomass industry,” says Dr. Philipp Nellessen, member of LEAG Group’s Board of Directors.
The transaction is dependent on approval from relevant authorities and is expected to be finalised later this year.
Wood pellet producer Scandbio is acquired by LEAG Group
