German Pellets and ZG Raiffeisen Energie form 50/50 JV
Pellet manufacturer German Pellets and ZG Raiffeisen Energie, a trading and service company, have created a 50/50 joint venture for the sale of wood pellets.
The name of the joint subsidiary company will be 'best:Pellets Handelsgemeinschaft'. It will begin pellet sales on 1 January 2015.
'We are now taking the next logical step in our cooperation, so as to gain further market shares,' explains German Pellets MD Peter Leibold.
Rudi App, MD of ZG Raiffeisen Energie, adds: 'German Pellets' strength, impact on the market and high product quality have made it an ideal and indispensable partner for us in the pellet business. Our declared goal is the group together our activities even more strongly now and to further expand pellet sales also geographically.'