German Pellets buys Austrian pellet dealer

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The German Pellets Group has retroactively acquired the Austrian company Heizwerth GmbH, as of 1st of January 2013. Therefore, German Pellets is expanding its direct business with end customers in Austria.

Heizwert is one of Austria's largest independent pellet dealers with a sales area that extends from the German-Austrian border to Vienna.

''Heizwert GmbH is one of the market leaders in Upper and Lower Austria and sells up to 35,000 tonnes every year,'' German Pellets' spokeswoman Claudia Röhr said. Heizwert sells pellets since 2002, from which also the German Pellets brand ''FireStixx''.

After the purchase of the Glechner Group in 2012, together with the pellet brand ''Hot'ts'' the German Pellets Group now further expands its direct business with end customers in Austria.

The Heizwert acquisition includes vehicles fleet and storage facilities as well its wood chips operations. Heizwert will operate as an independent unit within the German Pellets Group.

Financial details were not mentioned.

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