Swedish agricultural cooperative Lantmännen Group has announced that its divestment of Scandbio, which was communicated in mid-October 2024, has now been approved by the relevant authorities and completed. Scandbio is now fully owned by Germany's LEAG Group.
Scandbio is Scandinavia’s largest producer of wood pellets and has been part of Lantmännen since 2014. Today, Scandbio has production at five facilities in Sweden and one in Latvia.
Pellet sales take place mainly in Sweden, Latvia, and Denmark.
The deal, the value of which has not been disclosed, concerns the sale of all shares in Scandbio to LEAG Group, Germany’s fourth-largest energy company.
All 130 Scandbio employees have joined the transition to LEAG Group.
Scandbio has developed very well within Lantmännen in recent years and we would like to extend a big thank you to all employees within the company. LEAG Group is a good industrial home for Scandbio’s continued development as an important player in the biomass industry, said Magnus Kagevik, President and CEO of Lantmännen.
