Lantmännen signed an agreement in February to acquire the remaining shares in Scandbio. Following the review and approval of the relevant competition authorities, the acquisition has now been completed and Scandbio is wholly owned and operated by Lantmännen. Scandbio is now integrated into Lantmännen's Energy Sector.
"We look forward to continuing to develop Scandbio into a world-class energy company and welcome 130 new employees to Lantmännen," says Lars-Gunnar Edh, Head of Lantmännen's Energy Sector.
Scandbio is, with an annual turnover of approximately SEK 1,000 million, Sweden's largest company in solid processed wood fuels and manufactures, markets and sells wood pellets for incineration in Sweden, Denmark and Latvia as well as stable pellets for the Swedish market.
