Wismar Pellets acquires majority stake in best:Pellets

June 14, 2018
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BKartA/IHB
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According to a publication of the German Federal Cartel Office, Wismar Pellets GmbH, which belongs to the financial investor Metropolitan Equity Partners, LLC (MEP), New York, intends to acquire the majority stake of best:Pellets Handelsgemeinschaft GmbH in Karlsruhe. Specifically, this concerns the acquisition of 74.9% of the shares in best:Pellets.

Wismar Pellets GmbH has emerged from the insolvent German Pellets Wismar and produces according to its own information 256,000 tons of pellets per year.

best:Pellets is a pellet trading company based in Karlsruhe and has regional sales offices in Baden-Württemberg, Bavaria, Saarland, Rhineland-Palatinate and Mecklenburg-Vorpommern. The best:Pellets Handelsgemeinschaft has emerged from the former pellet distribution of ZG Raiffeisen Energie GmbH. It was founded in 2014 as a subsidiary of ZG Raiffeisen Energie GmbH, which in turn is part of the ZG Raiffeisen Group.