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Companies in the timber industry / Daily News / Wood pellets / Europe
February 6, 2014

Big merger in Sweden’s wood pellet industry

Neova AB, a subsidiary of the Swedish Vapo Group, and Lantmännen, one of the largest groups in agriculture, machinery, energy and food in the Nordic region, are merging their respective wood pellets activities. The new company will include Neova's pellets activities in Sweden and the corresponding Lantmännen Agroenergi businesses in Sweden and Latvia.    The merged company will have an annual turnover of around one billion Swedish kronor (aproximatelly EUR 113 million) and 160 employees. The company will continue to market its products under the same brands as before - namely Neova Pellets, Agrol and ...

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